Sambit Singh

NHAI InvIT (National Highways Infra Trust)

National Highways Infra Trust ("Trust") was settled on October 19, 2020, in New Delhi pursuant to the Trust Deed as a contributory irrevocable trust in accordance with the Indian Trusts Act, 1882. The Trust was registered with SEBI on October 28, 2020, under Regulation 3(1) of the InvIT Regulations and has obtained a certificate of registration from SEBI bearing number IN/InvIT/20-21/0014. The Trust is an infrastructure investment trust established for making investments in special purpose vehicles as defined under Regulation 2(1)(zy) of the InvIT Regulations, or infrastructure projects or securities of Indian companies engaged in the infrastructure sector, as may be permitted in terms of Regulation 18(5) of the InvIT Regulations. IDBI Trusteeship Services Limited is the Trustee to the Trust. National Highways Infra Investment Managers Private Limited was incorporated as a private limited company on July 25, 2020, under the Companies Act, 2013. NHIIMPL is a wholly-owned subsidiary of NHAI. NHIIMPL has been appointed as the Investment Manager to the NHAI InvIT by IDBI Trusteeship Services Ltd; the trustee to NHAI InvIT and is responsible for managing the operations of InvIT in accordance with InvIT regulations. National Highways InvIT Project Managers Private Limited (NHIPMPL) has been incorporated on 9th of March, 2021 under the Companies Act, 2013. NHIPMPL is proposed to be appointed as Project Manager of NHAI InvIT in terms of the InvIT regulations. The Project Manager undertake operations and management of the NHAI InvIT, including making arrangements for the maintenance of assets held under the NHAI InvIT. The Project Manager has entered into the Project Implementation and Management Agreement, in terms of the InvIT Regulations.