SBI Seeks Creditor Priority in NHIT

  Published 1 year ago

SBI seeks senior creditor status for early repayment rights on investments in NHAI’s InvIT amid road asset monetisation push.

  • SBI raised concerns as InvIT unitholders currently hold repayment priority; it lacks bankruptcy protection under Indian laws.
  • NHAI aims to raise ₹200 billion via InvITs; SBI is already exposed to the road sector via major unsecured loans.
  • InvITs manage ₹7 trillion in assets; SBI wants protection as NHAI monetises highways by transferring toll-backed ownership.

You might like these

Pharma Stocks Drag Market Lower

Jindal Saw Expands in UAE & Saudi Arabia with New Pipe Plants

Dabhol LNG Terminal Now All-Weather!

TCI Q1 Profit Rises 14.8% YoY

Zomato Parent Boosts Nifty, Sensex

Barbeque-Nation Renamed Amid Q1 Loss

India-US Trade Hopes Boost Textiles

News that matters the most ⚡