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SEBI has granted in-principle approval for registering Raajmarg Infra Investment Trust as an InvIT, advancing NHAI's plan to monetise national highway assets. Final approval will follow once the trust appoints directors, files financial statements and meets other compliance requirements within six months. Conceived to unlock value from road assets and offer long-term investment options for domestic investors, the InvIT will be managed by Raajmarg Infra Investment Managers Pvt. Ltd., incorporated last month. The investment manager includes major financial institutions such as SBI, PNB, HDFC Bank, ICICI Bank and others. SEBI said the public InvIT structure will ensure transparency, strong oversight and high reporting standards.
The Securities and Exchange Board of India has granted an in-principle approval for the registration of Raajmarg Infra Investment Trust as an Infrastructure Investment Trust, marking a key step in the National Highways Authority of India's strategy to monetise road assets. The final registration will be issued after the trust meets several requirements over the next six months, including appointing directors, submitting financial statements and complying with regulatory obligations. Advertisement
According to the official statement, the proposed InvIT has been conceived to unlock value from national highway assets while offering a long-term investment option aimed at domestic and retail investors. In preparation for the InvIT structure, NHAI last month incorporated Raajmarg Infra Investment Managers Pvt. Ltd. as the trust's investment manager.
The investment manager has been established with the participation of leading financial institutions such as State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank. This collaboration reflects the sector's growing interest in infrastructure-backed investment platforms.
The statement added that the public InvIT framework, fully aligned with SEBI regulations, will ensure transparency and robust investor safeguards, supported by high reporting and compliance standards.
Source - PTI
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