
The National Highways Authority of India (NHAI) has received approval from the Securities and Exchange Board of India (SEBI) to launch the Raajmarg Infra Investment Trust (RIIT) as a public Infrastructure Investment Trust (InvIT). This move aims to monetize national highway assets and create a long-term investment instrument for retail and domestic investors, broadening public participation in infrastructure development. NHAI has established Raajmarg Infra Investment Managers Private Limited (RIIMPL) to manage the trust, with equity participation from major financial institutions. The first issuance is anticipated in February 2026.