Overview
- The approval allows the trust to seek final SEBI registration after meeting conditions such as appointing directors and filing financial statements within six months.
- NHAI has set up Raajmarg Infra Investment Managers Pvt. Ltd. as the investment manager with equity from SBI, PNB, NaBFID, HDFC Bank, ICICI Bank, Axis Bank, Bajaj Finserv Ventures, IDBI Bank, IndusInd Bank and Yes Bank.
- The public InvIT is intended to open national highway investments to domestic and retail investors through exposure to toll-backed cash flows under a regulated framework.
- NHAI has previously monetised ₹48,995 crore via the Toll-Operate-Transfer model and raised ₹43,638 crore across four private InvIT rounds, with the public vehicle extending this strategy.
- SEBI underscores transparency and investor-protection standards for the structure, while NHAI positions it to unlock value from completed highways and mobilise funds for new road projects.