Overview
- The public InvIT will pool operational road projects, with units expected to be listed on NSE and BSE to provide investors income linked to asset cash flows.
- NHAI has set up Raajmarg Infra Investment Managers Pvt. Ltd. as the investment manager with equity participation from SBI, PNB, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank.
- NRVVMK Rajendra Kumar, NHAI Member (Finance), has been appointed MD and CEO of the investment manager on an additional‑charge basis.
- The first issuance of units is expected in February 2026, with roughly 1,500 km of completed highways planned for transfer to the trust over the next three to five years.
- The move advances NHAI’s capital‑recycling plan, which has previously raised about ₹49,000 crore via ToT and around ₹43,000 crore through InvITs.