Overview
- NHAI said it has received SEBI clearance for Raajmarg Infra Investment Trust, enabling a publicly offered InvIT backed by operational highway assets.
- The vehicle is designed to unlock value from national highway concessions for domestic investors seeking long-term exposure to infrastructure cash flows.
- Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) serves as the investment manager, set up with equity participation from major banks and financial institutions.
- Shareholders in RIIMPL include State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank.
- NRVVMK Rajendra Kumar, Member (Finance) at NHAI, will be MD and CEO of the investment manager on an additional-charge basis, with NHAI calling the approval a milestone for public participation.