2 months ago
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The National Highways Authority of India’s (NHAI) Raajmarga Infrastructure Investment Trust (RIIT) was listed connected the Bombay Stock Exchange (BSE) connected Tuesday (March 24, 2026), successful the beingness of Union Road Transport and Highways Minister Nitin Gadkari.
The nationalist InvIT, regulated by the Securities and Exchange Board of India (SEBI), is aimed astatine widening capitalist information successful the country’s road infrastructure sector.
Calling the listing a “significant milestone,” Mr. Gadkari said the contented saw beardown demand, with subscriptions reaching astir 14 times the connection size. He added that the authorities plans to monetise 1,500 km of highways implicit the adjacent 3 years done the InvIT route, signalling a propulsion towards infrastructure backing driven by nationalist participation.
The listing comes arsenic the Ministry of Road Transport and Highways (MoRTH) and NHAI person unneurotic monetised assets worthy astir ₹1.5 lakh crore nether the National Monetisation Pipeline (NMP-1) done models specified arsenic Toll-Operate-Transfer (ToT), InvITs and securitisation.
RIIT has been structured arsenic a public-private concern with information from NHAI, NaBFID, banks and fiscal institutions, aimed astatine ensuring nonrecreational absorption and fiscal discipline.
The spot has secured rights to 5 operational road assets crossed Jharkhand, Tamil Nadu, Andhra Pradesh and Karnataka, with a full concession worth of astir ₹9,500 crore.
The acquisition is being funded done a premix of equity and debt, including an equity rise of astir ₹6,000 crore, with the remainder done slope financing. Strategic investors specified arsenic EPFO and SBI Life Insurance person invested astir ₹1,260 crore, portion anchor investors, including insurers and pension funds, person enactment successful astir ₹1,728 crore.
The remaining ₹2,100 crore offered to the nationalist saw an overwhelming response, with the contented oversubscribed astir 14 times, underlining beardown capitalist appetite for road assets and the government’s monetisation programme.
