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NHAI's Raajmarg InvIT Gets SEBI Nod, Opening Highways to Retail Investors

The National Highways Authority of India has secured SEBI approval for the Raajmarg Infra Investment Trust as a Public InvIT. This initiative aims to unlock the monetisation potential of national highway assets while creating a long-term investment instrument for retail and domestic investors. The investment manager, RIIMPL, is a collaborative venture with equity participation from leading banks including SBI, HDFC Bank, and ICICI Bank. This marks a significant step in broadening public participation in India's highway infrastructure growth and achieving NHAI's asset monetisation objectives.

Key Points: SEBI Approves NHAI's Raajmarg Public InvIT for Highway Monetisation

  • SEBI approval for public InvIT
  • Monetisation of national highway assets
  • Targets retail & domestic investors
  • Backed by major banks & financial institutions
2 min read

NHAI gets SEBI nod for Raajmarg Infra Investment Trust as Public InvIT

NHAI receives SEBI approval for Raajmarg Infra Investment Trust, a Public InvIT to monetise highways and offer retail investors long-term infrastructure assets.

"RIIT will deepen public participation and play a pivotal role in accelerating the development of a robust National Highway network. - Ministry of Road Transport & Highways"

New Delhi, Dec 24

The National Highways Authority of India on Wednesday said it has received approval from the Securities and Exchange Board of India for Raajmarg Infra Investment Trust as a Public Infrastructure Investment Trust.

According to Ministry of Road Transport and Highways, the Public InvIT aims to unlock monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors.

The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story.

"The SEBI approval for RIIT represents a significant milestone in expanding public participation in India's National Highway infrastructure growth. The senior leadership team at Raajmarg Infra Investment Managers Private Limited (RIIMPL) comprises of highly experienced and accomplished professionals, well positioned to take this initiative forward and create meaningful long-term investment opportunities for the public," said NHAI Chairman Santosh Kumar Yadav.

This development represents an important step towards achieving NHAI's asset monetization objectives while further strengthening country's National Highway network, Yadav added.

Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for the Raajmarg Infra Investment Trust (RIIT).

RIIMPL has been established as a collaborative venture with equity participation from leading banks and financial institutions, 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 be the Managing Director and CEO (Additional Charge) of the Investment Manager company.

"RIIT will deepen public participation and play a pivotal role in accelerating the development of a robust National Highway network across the country by enabling domestic retail investors to participate in national infrastructure development," said the ministry.

- IANS

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Reader Comments

P
Priya S
Good move, but I hope the returns are transparent and reliable. We've seen many "public participation" schemes before. The list of banks involved is impressive though - SBI, HDFC, ICICI. That gives some confidence.
R
Rohit P
As a retail investor, I'm always looking for stable long-term options. If this InvIT offers decent yields and helps build our infrastructure, it's a win-win. Will definitely read the offer document carefully.
A
Ananya R
Monetizing assets is smart, but the real test is how the funds are utilized. We need to see improved road quality and faster completion of projects, not just financial engineering. Hope this delivers on the ground.
M
Michael C
Interesting development. India's infrastructure push is remarkable. As someone who travels frequently for work, better highways would be a game-changer for logistics and business efficiency. Will keep an eye on this.
K
Karthik V
The concept is good, but execution is key. NHAI must ensure the InvIT is managed professionally without bureaucratic delays. The involvement of major banks is a positive sign. Let's see the details.

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