The National Highways Authority of India (NHAI) announced that it has obtained approval from the Securities and Exchange Board of India (SEBI) for Raajmarg Infra Investment Trust (RIIT) to operate as a Public Infrastructure Investment Trust (InvIT).
This move, as per the Ministry of Road Transport and Highways, is aimed at unlocking the monetization potential of National Highway assets, offering a reliable, long-term investment option primarily focused on retail and domestic investors. It signifies a significant stride towards enhancing public involvement in the growth of the National Highway infrastructure.
NHAI Chairman Santosh Kumar Yadav expressed that the SEBI’s approval for RIIT marks a crucial advancement in encouraging public engagement in India’s National Highway infrastructure development. The leadership team at Raajmarg Infra Investment Managers Private Limited (RIIMPL) is well-equipped to drive this initiative forward and provide substantial long-term investment prospects for the public.
This development is a key milestone in NHAI’s efforts to monetize assets while reinforcing the country’s National Highway network. Earlier, Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) was established as the investment manager for RIIT, with equity participation from prominent banks and financial institutions.
NRVVMK Rajendra Kumar, Member (Finance) at NHAI, will assume the role of Managing Director and CEO (Additional Charge) of the Investment Manager company. The ministry highlighted that RIIT will deepen public participation and contribute significantly to the rapid expansion of a robust National Highway network nationwide, enabling domestic retail investors to engage in national infrastructure development.
