NHAI Receives SEBI Approval for Raajmarg Infra Investment Trust (RIIT) as a Public InvIT

Strengthening its asset monetization program, NHAI sponsored Raajmarg Infra Investment Trust (RIIT) has received approval from the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (InvIT).

Key Development
- NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has received SEBI approval to operate as a Public Infrastructure Investment Trust (InvIT).
- This marks a major step in asset monetization of National Highway projects while opening up investment opportunities for retail and domestic investors.

Purpose & Impact
- Unlock monetization potential of highway assets.
- Provide a long-term, high-quality investment instrument for the public.
- Broaden public participation in India’s infrastructure growth story.
- Accelerate development of a robust National Highway network.

Structure & Leadership
- Investment Manager: Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL).
- Equity participation from leading banks & financial institutions:
- SBI, PNB, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, Yes Bank.
- Leadership: Shri NRVVMK Rajendra Kumar (Member Finance, NHAI) appointed as MD & CEO (Additional Charge) of RIIMPL.

Significance
- NHAI Chairman Santosh Kumar Yadav highlighted this as a milestone in expanding public participation in highway infrastructure.
- RIIT is expected to create meaningful long-term investment opportunities while strengthening India’s road network.

✅ In short: RIIT is India’s latest Public InvIT initiative, designed to channel retail investor participation into highway infrastructure, backed by SEBI’s approval and strong institutional support.