NHAI raises Rs 10,000 crore from EPFO; LIC to invest Rs 8,500 crore
"Life Insurance Corporation (LIC) has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore subject to not more than Rs 8,500 crore in one financial year. The terms and conditions are under negotiations," Radhakrishnan said.
NHAI will raise Rs 20,000 crore through EPFO, Rs 8,500 crore through LIC, Rs 5,000 crore each through Masala and 54-EC bonds. Photo: Pixabay