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Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), has received approval from the Securities and Exchange Board of India to operate as an Infrastructure Investment Trust. Conceived as a public InvIT, RIIT aims to unlock the monetisation potential of national highway assets while offering a long-term investment avenue for retail and domestic investors. The initiative is expected to widen public participation in India's highway infrastructure growth story and strengthen sustainable funding mechanisms for road development. With institutional backing from leading banks and financial institutions, RIIT marks a key milestone in NHAI's asset monetisation and infrastructure financing strategy.
Raajmarg Infra Investment Trust (RIIT), a state-owned InvIT sponsored by the National Highways Authority of India, has secured regulatory approval from the capital markets regulator to operate as an Infrastructure Investment Trust. The approval enables RIIT to move forward with its objective of monetising completed and operational national highway assets through a public investment structure. Advertisement
The public InvIT has been designed to create a high-quality, long-term investment platform, primarily aimed at retail and domestic investors. By allowing broader participation in infrastructure ownership, the trust seeks to channel household and institutional savings into the development and expansion of India's national highway network.
As part of the initiative, NHAI has set up Raajmarg Infra Investment Managers Pvt Ltd as the investment manager for RIIT. The investment manager has been established as a collaborative venture with equity participation from several prominent banks and financial institutions, reflecting strong institutional confidence in the model. The leadership of the investment manager will be overseen by NHAI's Member (Finance), who will serve as Managing Director and Chief Executive Officer in an additional charge.
RIIT is expected to play a pivotal role in accelerating highway development by providing a sustainable mechanism for recycling capital. Funds raised through the InvIT structure can be redeployed into new infrastructure projects, supporting faster execution and reducing reliance on traditional budgetary allocations.
The approval of RIIT represents a significant step in deepening India's infrastructure investment ecosystem, enhancing transparency, and strengthening long-term funding avenues for the country's expanding road network.
Source - PTI
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