NHAI Launches Rs 6,000-Crore IPO for Raajmarg Infra Investment Trust with EPFO as Strategic Investor

The National Highways Authority of India (NHAI) is launching a Rs 6,000-crore initial public offering (IPO) for its Raajmarg Infra Investment Trust (RIIT) from March 11 to 13. The IPO aims to monetize National Highway assets and attract retail and domestic investors. Strategic investors include the Employee Provident Fund Organisation (EPFO), committing Rs 1,000 crore for 16.6% units, and SBI Life Insurance with Rs 260 crore for 4.3%. NHAI plans to transfer additional highway assets to RIIT over the next 3-5 years.