National Highways Authority of India (NHAI) today received Securities and Exchange Board of India- SEBI’s approval of registration to Raajmarg Infra Investment Trust. The Ministry of Road Transport and Highways in a statement said that this significant step aims to unlock the monetization potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors.

It added that the step will ensure transparency,strong investor protection mechanisms, best-in-class reporting and compliance standards. The ministry said, as part of the process to secure final registration, Raajmarg Infra Investment Trust will be required to meet specific conditions over the next six months which include appointment of directors, submission of requisite financial statements, and compliance with other regulatory requirements.

Raajmarg Infra Investment Trust is a public Infrastructure InvestmentTrust aimed at enabling broad-based public participation in national highway monetisation.