In a major step toward boosting road asset monetization and widening investment avenues in the National Highway infrastructure sector, the National Highways Authority of India (NHAI) is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT. As part of the initiative, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT.
RIIMPL was formally launched in Mumbai by NHAI Chairman Santosh Kumar Yadav in the presence of senior NHAI officials and representatives of participating financial institutions.
RIIMPL has been set up as a collaborative venture with equity participation from major banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank. This partnership aims to tap into the monetization potential of National Highway assets while creating a high-quality, long-term investment product aimed primarily at retail and domestic investors.
NRVVMK Rajendra Kumar, Member (Finance), NHAI, has been appointed as the Managing Director and CEO (Additional Charge) of RIIMPL.
Highlighting NHAI’s progress in asset monetization, Chairman Santosh Kumar Yadav said, “NHAI has built a strong record in this space. In recent years, we monetized assets worth Rs 48,995 crore through the TOT model and raised about Rs 43,638 crore across four rounds of Private InvITs, attracting major domestic and global investors. Over the next 3–5 years, around 1,500 km of completed and operational National Highways will be inducted into the Public InvIT, creating major investment opportunities for the public. This initiative will mark a new chapter of public participation in building the country’s highway infrastructure.”
RIIMPL will focus on building strong governance structures aligned with SEBI’s InvIT regulations, ensuring transparency, investor protection, and rigorous compliance standards.
The first public issuance of InvIT units for retail investors is expected to be launched in February 2026. (Source-PIB)
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