NHAI launches Raajmarg Infra Investment Managers for highway monetization

Core Viewpoint - The National Highways Authority of India (NHAI) is establishing the Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to monetize National Highway assets, targeting retail and domestic investors [7]. Group 1: Investment Structure - Public InvITs allow retail investors to invest in operational infrastructure projects, with units traded on stock exchanges like NSE and BSE [1][7]. - Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) has been incorporated as the Investment Manager for the proposed InvIT, with equity participation from major banks and financial institutions [2][7]. Group 2: Financial Performance - NHAI has successfully monetized assets worth Rs 48,995 crore through the Toll-Operate-Transfer (TOT) model and raised approximately Rs 43,638 crore across four rounds of Private InvITs [5][7]. - The introduction of around 1,500 km of completed and operational National Highways into the Public InvIT is expected over the next 3-5 years, creating significant investment opportunities [6][7]. Group 3: Governance and Compliance - RIIMPL will focus on establishing strong governance standards aligned with SEBI's InvIT regulations, ensuring transparency and investor protection [6][7]. - The first issuance of InvIT units for retail and public investors is anticipated to launch in February 2026 [7].