Securities and Exchange Board of India (SEBI) approves NHAI-sponsored Raajmarg Infra Investment Trust as Public InvIT

Key facts

• NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has received approval from the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (InvIT).
• The Public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors.
• NHAI had incorporated Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) as the Investment Manager for RIIT.
• RIIMPL has been established as a collaborative venture with equity participation from 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.
• NRVVMK Rajendra Kumar, Member (Finance), NHAI, will be the Managing Director and CEO (Additional Charge) of the investment manager company.