New Delhi: In a significant move to strengthen asset monetisation and expand public participation in infrastructure development, the National Highways Authority of India (NHAI) has received approval from the Securities and Exchange Board of India (SEBI) for its proposed Raajmarg Infra Investment Trust (RIIT).
The approval allows NHAI to launch the public Infrastructure Investment Trust (InvIT), aimed at unlocking the monetisation potential of national highway assets while offering a long-term investment avenue to domestic and retail investors. The initiative is expected to play a key role in strengthening India’s road infrastructure financing ecosystem.
As part of the initiative, NHAI has already incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the Trust. The entity has been set up with equity participation from major financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank.
Shri N.R.V.V.M.K. Rajendra Kumar, Member (Finance), NHAI, will serve as the Managing Director and Chief Executive Officer (Additional Charge) of RIIMPL.
Commenting on the development, NHAI Chairman Shri Santosh Kumar Yadav said the SEBI approval marks a major milestone in expanding public participation in the country’s highway infrastructure growth story. He said the initiative would create a high-quality investment platform while supporting NHAI’s broader asset monetisation strategy.
“The leadership team at Raajmarg Infra Investment Managers is well equipped to take this initiative forward and deliver long-term value to investors. This move will not only deepen capital markets but also strengthen the National Highway network across the country,” Yadav said.
The Raajmarg Infra Investment Trust is expected to play a pivotal role in mobilising private capital for infrastructure development, enabling citizens to directly participate in nation-building while ensuring sustainable financing for highway expansion and maintenance.
The approval marks another milestone in the government’s efforts to diversify infrastructure financing mechanisms and accelerate the development of world-class transport infrastructure across India.
