Wed Dec 24 14:39:36 UTC 2025: Here’s a summary of the text and a rewritten news article based on it:

Summary:

The National Highway Authority of India (NHAI) has received SEBI approval for its Raajmarg Infra Investment Trust (InvIT), allowing the agency to monetize road assets through retail and domestic investors. This initiative aims to broaden public participation in national highway development. NHAI has also incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the Investment Manager for the InvIT, with equity participation from leading banks and financial institutions. NHAI is diversifying its funding sources, including Toll Operate Transfer (ToT), InvIT, and securitization.

News Article:

NHAI’s Raajmarg Infra Investment Trust Secures SEBI Approval, Opening Highways to Retail Investors

New Delhi, December 24, 2025 – The National Highway Authority of India (NHAI) announced today that its Raajmarg Infra Investment Trust (InvIT) has received approval from the Securities and Exchange Board of India (SEBI). This landmark decision paves the way for retail and domestic investors to participate directly in the growth of India’s national highway infrastructure.

According to a statement released by the Ministry of Road Transport and Highways, this initiative represents a significant step towards democratizing investment in national highway projects. The move aligns with NHAI’s strategy to diversify its funding sources beyond budgetary allocations.

To manage the InvIT, NHAI established Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL). RIIMPL is a collaborative venture boasting equity participation from major financial institutions including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank. NRVVMK Rajendra Kumar, Member (Finance) of NHAI, will serve as the Managing Director and CEO (Additional Charge) of RIIMPL.

The InvIT is part of a broader strategy by NHAI to monetize road assets, which also includes Toll Operate Transfer (ToT) and securitization. Through these mechanisms, NHAI has raised substantial funding in recent years, including ₹49,000 crore through ToT, ₹43,000 crore through InvIT, and ₹40,000 crore through securitization up to financial year 2024-25.

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