NHAI-Backed Raajmarg Infra Investment Trust Launches Rs 6,000 Crore IPO on March 11

The National Highways Authority of India (NHAI)-backed Raajmarg Infra Investment Trust (RIIT) is set to launch its maiden Initial Public Offering (IPO) from March 11 to 13, with anchor investor bidding on March 10. The Rs 6,000 crore IPO, increased from an initial Rs 5,700 crore plan, aims to enable public participation in National Highway infrastructure monetisation. Raajmarg Infra Investment Managers Pvt. Ltd., a joint venture of major banks and financial institutions, will manage the InvIT.