NHAI Launches RIIT To Boost Road Asset Monetisation

25 Nov 2025 CW Team

RIIMPL is a collaborative venture with equity participation from major 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. The partnership aims to unlock the monetisation potential of National Highway assets while offering a high-quality, long-term investment product aimed primarily at retail and domestic investors. Shri NRVVMK Rajendra Kumar, Member (Finance) at NHAI, has been appointed as Managing Director and CEO (Additional Charge) of the Investment Manager.

Highlighting NHAI’s achievements, Shri Santosh Kumar Yadav stated that the authority has built a strong track record in asset monetisation. In recent years, NHAI has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer model and raised Rs 436.38 billion across four rounds of Private InvITs, drawing strong domestic and international investor interest. Over the next three to five years, approximately 1,500 km of completed and operational National Highways will be introduced into the Public InvIT, creating substantial investment opportunities for the public. He noted that this step would mark a new chapter in public participation in the country’s highway development.

RIIMPL will prioritise strong governance standards in full alignment with SEBI’s InvIT regulations, with a focus on transparency, investor protection and best-in-class reporting and compliance. The first issuance of InvIT units for retail and public investors is expected to open in February 2026.

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In a significant move to strengthen road asset monetisation and broaden investment avenues in National Highway infrastructure, the National Highways Authority of India (NHAI) is setting up the Raajmarg Infra Investment Trust (RIIT) as a Public InvIT. As part of this strategy, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed trust. The new entity was formally launched in Mumbai by NHAI Chairman, Shri Santosh Kumar Yadav, in the presence of senior officials and representatives from participating institutions. RIIMPL is a collaborative venture with equity participation from major 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. The partnership aims to unlock the monetisation potential of National Highway assets while offering a high-quality, long-term investment product aimed primarily at retail and domestic investors. Shri NRVVMK Rajendra Kumar, Member (Finance) at NHAI, has been appointed as Managing Director and CEO (Additional Charge) of the Investment Manager. Highlighting NHAI’s achievements, Shri Santosh Kumar Yadav stated that the authority has built a strong track record in asset monetisation. In recent years, NHAI has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer model and raised Rs 436.38 billion across four rounds of Private InvITs, drawing strong domestic and international investor interest. Over the next three to five years, approximately 1,500 km of completed and operational National Highways will be introduced into the Public InvIT, creating substantial investment opportunities for the public. He noted that this step would mark a new chapter in public participation in the country’s highway development. RIIMPL will prioritise strong governance standards in full alignment with SEBI’s InvIT regulations, with a focus on transparency, investor protection and best-in-class reporting and compliance. The first issuance of InvIT units for retail and public investors is expected to open in February 2026.

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