RIIMPL is a collaborative venture with equity participation from banks and financial institutions

PTI New Delhi

State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization potential of National Highway assets. A Public Infrastructure Investment Trust (InvIT) is an investment vehicle that enables retail investors to directly invest in and earn income from a pool of operational infrastructure projects.

Units of public InvITs are listed and traded on stock exchanges such as the National Stock Exchange (NSE) and BSE, similar to mutual funds or equities. As part of this initiative, NHAI has incorporated Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) as the Investment Manager for the proposed InvIT, according to an official statement.

RIIMPL is a collaborative 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., State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltdand Yes Bank. This partnership aims to unlock the monetization potential of the National Highway assets while creating a high-quality, long-term investment product primarily targeting retail and domestic investors.

"NHAI has established a robust record in asset monetization. In recent years, we have successfully monetized assets worth Rs 48,995 crore through the Toll-Operate-Transfer (TOT) model and raised around Rs 43,638 crore across four rounds of Private InvITs, attracting major domestic and international investors," NHAI Chairman, Santosh Kumar Yadav said.