The National Highways Authority of India (NHAI) has received approval from SEBI for its Raajmarg Infra Investment Trust (RIIT), a key initiative aimed at broadening public participation in national highway infrastructure.

The approval marks a significant step toward unlocking the monetisation potential of national highway assets, while providing a high-quality investment option targeted primarily at retail and domestic investors. The Public InvIT will play a pivotal role in accelerating the development of a robust national highway network across the country.

The initiative was supported by Raajmarg Infra Investment Managers (RIIMPL), a joint venture with equity participation from major banks such as State Bank of India, HDFC Bank, and ICICI Bank. NRVVMK Rajendra Kumar, Member (Finance) of NHAI, will also serve as the Managing Director and CEO of RIIMPL.