NHAI-Backed Raajmarg Infra Investment Trust Launches Rs 6,000 Crore IPO in March

Raajmarg Infra Investment Trust (RIIT), backed by the National Highways Authority of India (NHAI), is launching a Rs 6,000-crore initial public offering (IPO) from March 11 to March 13, with anchor investor bidding on March 10. The IPO price band is set between Rs 99 and Rs 100 per unit, with a minimum lot size of 150 units. RIIT aims to monetize National Highway assets and attract retail and domestic investors, managed by Raajmarg Infra Investment Managers Pvt. Ltd., a consortium of major banks and financial institutions.