Has NHAI Secured SEBI Approval for Raajmarg Infra Investment Trust as a Public InvIT?
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Synopsis
The NHAI has successfully obtained SEBI's approval for the Raajmarg Infra Investment Trust, opening doors for public investment in India's National Highway infrastructure. This initiative aims to enhance monetization and encourage greater public participation in the nation's infrastructure growth.
Key Takeaways
- NHAI has secured SEBI approval for RIIT.
- RIIT aims to unlock monetization of National Highway assets.
- Focus on engaging retail and domestic investors.
- Strengthening public participation in infrastructure growth.
- Investment management by RIIMPL, backed by major banks.
New Delhi, Dec 24 (NationPress) The National Highways Authority of India (NHAI) announced on Wednesday that it has gained the green light from the Securities and Exchange Board of India (SEBI) for the Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT).
As per the Ministry of Road Transport and Highways, this Public InvIT is designed to unlock the monetization potential of the National Highway assets while forming a high-quality, long-term investment vehicle primarily aimed at retail and domestic investors.
This initiative is a significant move in enhancing public involvement in the growth narrative of the National Highway infrastructure.
“The SEBI approval for RIIT signifies a key milestone in widening public engagement in India’s National Highway infrastructure development. The senior leadership team at Raajmarg Infra Investment Managers Private Limited (RIIMPL) consists of highly skilled and accomplished professionals, well-equipped to advance this initiative and generate substantial long-term investment opportunities for the public,” stated NHAI Chairman Santosh Kumar Yadav.
This progress is a crucial step toward fulfilling NHAI’s asset monetization goals while further fortifying the nation’s National Highway network, Yadav added.
Previously, NHAI had set up Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for the Raajmarg Infra Investment Trust (RIIT).
RIIMPL has been formed as a collaborative venture with equity inputs from leading banks and financial entities, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank.
NRVVMK Rajendra Kumar, Member (Finance), NHAI, will take the role of Managing Director and CEO (Additional Charge) of the Investment Manager company.
“RIIT will enhance public participation and serve a pivotal function in expediting the development of a solid National Highway network throughout the nation by allowing domestic retail investors to engage in national infrastructure development,” mentioned the ministry.
Point of View
It's crucial to recognize the significance of such developments in strengthening public-private partnerships in infrastructure.
NationPress
25/12/2025
Frequently Asked Questions
What is the Raajmarg Infra Investment Trust?
The Raajmarg Infra Investment Trust (RIIT) is a Public Infrastructure Investment Trust established by NHAI to unlock the monetization potential of National Highway assets.
What role does SEBI play in this approval?
The Securities and Exchange Board of India (SEBI) is the regulatory authority that grants approval for investment trusts like RIIT to ensure compliance with financial regulations.
Who will manage the Raajmarg Infra Investment Trust?
The Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) has been appointed as the investment manager for RIIT.
How does RIIT benefit retail investors?
RIIT aims to create a high-quality investment instrument that allows retail and domestic investors to participate in the monetization of National Highway assets.
What is the significance of this initiative for infrastructure development?
This initiative is crucial for enhancing public participation in infrastructure development, which is vital for the growth of India's National Highway network.
