Raajmarg Infra Investment Trust: NHAI’s listed InvIT
Why in the news
NHAI’s highway-focused trust has gone public on the exchange, offering a new route to finance road projects.
Key facts
- RIIT is an InvIT, comparable to a mutual fund but holding infrastructure assets.
- Sponsor: National Highways Authority of India; listed on the Bombay Stock Exchange.
- Registered with SEBI; constituted under the Indian Trusts Act, 1882.
- Purpose: monetisation of highway assets and stronger infrastructure financing.
How RIIT works
| Aspect | Detail |
|---|---|
| Asset monetisation | Operational highways move from NHAI to the trust, giving upfront capital for new projects |
| Manager | Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL), which takes portfolio and acquisition decisions |
| Income | Toll collection and other operational revenues |
| Regulation | SEBI (Infrastructure Investment Trusts) Regulations, 2014 |
Exam angle
- Sponsor: NHAI.
- Type: Infrastructure Investment Trust.
- Manager: RIIMPL.
- Regulator: SEBI; law of constitution: Indian Trusts Act, 1882.