NHAI-sponsored ‘RIIT’ gets listed on the BSE

The National Highways Authority of India’s Raajmarga Infrastructure Investment Trust (RIIT) was officially listed on the Bombay Stock Exchange on 24 March, marking a major step in expanding public participation in India’s highway infrastructure sector.

The public InvIT, regulated by the Securities and Exchange Board of India, is designed to attract a broader base of investors, including retail participants, into infrastructure financing. The move aligns with the government’s plan to monetise around 1,500 km of national highways over the next three years through the InvIT route.

Structured as a public-private partnership, RIIT includes participation from key institutions such as National Bank for Financing Infrastructure and Development, along with banks and financial institutions, ensuring professional management and financial discipline.

The trust is sponsored by NHAI and managed by Raajmarg Investment Managers Private Limited, which has been established with participation from NHAI, NaBFID, public and private sector banks, and other financial institutions. This institutional framework is expected to ensure robust governance standards and long-term financial stability.

The NHAI-backed InvIT aims to unlock the value of operational highway assets, while offering a stable, long-term investment opportunity for investors. The initiative is seen as a significant step toward strengthening India’s infrastructure financing ecosystem and promoting wider public participation in the national highways sector.

Source: PIB