Sebi's Greenlight for Raajmarg Infra: A New Era in Infrastructure Investments

The Securities and Exchange Board of India (Sebi) has conditionally approved the Raajmarg Infra Investment Trust (RIIT) as an Infrastructure Investment Trust. RIIT aims to capitalize on National Highway assets, offering a robust investment tool, while meeting specific regulatory conditions within six months for full registration.

The Securities and Exchange Board of India (Sebi) has provisionally approved Raajmarg Infra Investment Trust (RIIT) as an Infrastructure Investment Trust (InvIT). The final endorsement will depend on RIIT meeting certain criteria within six months, according to an official statement released on Friday.

To secure final registration, RIIT must meet several conditions. These include appointing directors, providing necessary financial documents, and adhering to various regulatory guidelines, the statement detailed.

In a move to optimize the monetization of National Highway assets, InvIT is set to create a high-caliber investment opportunity, focusing largely on retail and domestic investors. As the investment manager for RIIT, NHAI has established Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL), collaborating with major banks and financial institutions.

(With inputs from agencies.)