SEBI gives in-principle approval to NHAI's Raajmarg Infra Investment Trust as a public InvIT
SEBI granted in-principle approval of registration to NHAI's Raajmarg Infra Investment Trust as an Infrastructure Investment Trust, the Road Transport Ministry said on 5 December 2025.
Summary
The Securities and Exchange Board of India (SEBI) granted in-principle approval of registration to the Raajmarg Infra Investment Trust (RIIT) of the National Highways Authority of India (NHAI) as an Infrastructure Investment Trust, the Road Transport Ministry said on 5 December 2025. The Raajmarg InvIT is aimed mainly at retail and domestic investors and must meet conditions over the next six months for final registration. NHAI has already monetised assets worth ₹48,995 crore through the Toll-Operate-Transfer model and raised about ₹43,638 crore across four rounds of private InvITs.
Key facts
- Date
- 5 December 2025
- Approval
- SEBI in-principle registration as InvIT
- Trust
- Raajmarg Infra Investment Trust (RIIT)
- Investment manager
- Raajmarg Infra Investment Managers Pvt Ltd
- Target investors
- Retail and domestic
- TOT monetisation
- ₹48,995 crore
- Private InvITs
- About ₹43,638 crore in four rounds
Practice MCQs 2 questions
What is the name of NHAI's Infrastructure Investment Trust that received SEBI's in-principle approval of registration in December 2025?
Show answer
Correct answer: D — Raajmarg Infra Investment Trust
PIB 2199533: SEBI granted in-principle approval of registration to 'Raajmarg Infra Investment Trust' (RIIT) as an InvIT.
How much has NHAI monetised through the Toll-Operate-Transfer (TOT) model, according to the Road Transport Ministry in December 2025?
Show answer
Correct answer: B — ₹48,995 crore
PIB 2199533: NHAI has monetised assets worth ₹48,995 crore through TOT and raised around ₹43,638 crore across four rounds of private InvITs.