The National Highways Authority of India (NHAI) has received approval from the Securities and Exchange Board of India for its sponsored Raajmarg Infra Investment Trust (RIIT) as an Infrastructure Investment Trust (InvIT), marking a significant step in strengthening NHAI’s asset monetisation programme.

 

The Ministry of Road Transport and Highway, in a statement, said that the Public InvIT aims to unlock the monetisation potential of National Highway assets while creating a high-quality, long-term investment instrument, primarily targeted at retail and domestic investors. The initiative is expected to broaden public participation in the country’s  National Highway infrastructure growth.

 

Commenting on SEBI’s approval, NHAI Chairman Santosh Kumar Yadav said the clearance represents an important milestone in expanding public participation in National Highway infrastructure development. The RIIT is expected to play a pivotal role in deepening domestic retail investor participation and accelerating the development of a robust National Highway network across the country.