NHAI Gets SEBI Nod for Raajmarg InvIT Launch

26 Dec 2025 CW Team

National Highways Authority of India has recently received approval from Securities and Exchange Board of India for its sponsored Raajmarg Infra Investment Trust (RIIT) to be launched as a Public Infrastructure Investment Trust. The move strengthens NHAI’s asset monetisation programme while creating a long-term investment avenue primarily for retail and domestic investors.

The Public InvIT is aimed at unlocking value from National Highway assets and widening public participation in India’s highway infrastructure growth. NHAI had earlier incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the Investment Manager for RIIT, with equity participation from leading banks and financial institutions, including SBI, PNB, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank.

Commenting on the approval, NHAI Chairman Santosh Kumar Yadav said the development marks a key milestone in achieving asset monetisation objectives while strengthening the National Highway network. RIIT is expected to play a pivotal role in accelerating highway development by enabling broader domestic investor participation in infrastructure growth.

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