NHAI launches Raajmarg Infra Investment Managers for highway monetization
Public Infrastructure Investment Trust (InvIT) is an investment vehicle that allows retail investors to invest directly and generate income from a pool of operational infrastructure projects.
Public InvIT units are listed and traded on stock exchanges such as National Stock Exchange (NSE) and BSE, similar to mutual funds or stocks.
As per the official statement, as part of this initiative, NHAI has brought on board Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) as the Investment Manager of the proposed InvIT.
RIIMPL is a joint venture with equity participation from leading banks and 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.
This partnership aims to unlock the monetization potential of National Highway assets while creating a high-quality, long-term investment product targeted primarily at retail and domestic investors. “NHAI has built a solid record of monetizing assets. In recent years, we have successfully monetised assets worth Rs 48.995 billion through the Fee-Operation-Transfer (TOT) model and raised around Rs 43.638 billion in four Private InvIT rounds, attracting interest from major domestic and international investors,” said Santosh Kumar Yadav, Chairman, NHAI. Yadav further said, “In the next 3-5 years, approximately 1,500 km of completed and operational National Highways will be included in the Public InvIT, opening up significant investment avenues for the public.” he said.
NRVVMK Rajendra Kumar, Member (Finance), NHAI, has been appointed as Managing Director and CEO (Additional Charge) of Investment Manager.
RIIMPL will focus on establishing robust governance standards, transparency and investor protection as well as best-in-class reporting and compliance frameworks, fully compliant with SEBI’s InvIT regulations.
The first InvIT unit issuance to retail and public investors is expected to launch in February 2026, the statement said. PTI
