NHAI gets SEBI nod for Raajmarg Infra Investment Trust
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New Delhi: The National Highways Authority of India (NHAI) on Wednesday said it has received approval from the Securities and Exchange Board of India (SEBI) for Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT).
According to Ministry of Road Transport and Highways, the Public InvIT aims to unlock monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors.
The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story.
“The SEBI approval for RIIT represents a significant milestone in expanding public participation in India’s National Highway infrastructure growth.
