SEBI Clears NHAI’s Raajmarg InvIT To Boost Asset Monetisation

08 Dec 2025 CW Team

In a major boost to the National Highways Authority of India’s asset-monetisation strategy, the Securities and Exchange Board of India (SEBI) has granted in-principle approval for registering the Raajmarg Infra Investment Trust (RIIT) as an Infrastructure Investment Trust under the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The proposed InvIT aims to unlock the monetisation potential of national highway assets while offering a high-quality, long-term investment vehicle, particularly for retail and domestic investors.

To obtain final registration, RIIT must fulfil specific conditions over the next six months, including appointing directors, submitting required financial statements and meeting all regulatory compliance obligations.

Last month, NHAI incorporated Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) as the Investment Manager for RIIT. RIIMPL has been created 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.

NHAI has already achieved substantial success in monetising its assets. It has realised Rs 489.95 billion through the Toll-Operate-Transfer (TOT) model and raised approximately Rs 436.38 billion over four rounds of Private InvITs, drawing strong interest from both domestic and global investors.

Fully aligned with SEBI’s InvIT regulations, the Public InvIT structure ensures transparency, robust investor-protection mechanisms and high reporting and compliance standards. This framework is expected to significantly boost public participation in financing world-class national highway infrastructure across India.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..