Rajmaarg Invit Listed On Bse As Nhai Monetises Highway Portfolio
The Raajmarga Infrastructure Investment Trust (RIIT), India's first public infrastructure investment trust, officially listed on the Bombay Stock Exchange today following a launch ceremony by Union Minister Nitin Gadkari. This milestone marks another significant step in monetizing NHAI assets as it targets raising funds for 1,500 km of highway projects across the nation. The listing event was attended with high-profile participation from industry leaders and officials to underscore its strategic importance within India's infrastructure development agenda.
Key Points
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1NHAI's first private infrastructure investment trust, Raajmarga Infrastructure Investment Trust (RIIT), was successfully listed on the Bombay Stock Exchange.
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2Union Minister Nitin Gadkari launched and oversaw the listing event in his capacity as Road Transport and Highways minister.
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3The public issue of RIIT received a strong response from investors during its maiden launch.
Developments
The NHAI listed its first public Infrastructure Investment Trust (InvIT) on BSE, marking a historic shift that allows retail investors for direct participation in highway asset monetization previously restricted to institutional buyers only. Union Minister Nitin Gadkari stated this initiative aims to enable ordinary road users from lower-income groups to become stakeholders and earn returns comparable to bank deposits as part of the government's National Monetisation Plan strategy.
Union Minister Nitin Gadkari launched Raajmarg Infrastructure Investment Trust (RIIT) on the Bombay Stock Exchange following a highly successful public issue that was oversubscribed nearly 14 times. The government plans to monetize approximately 1,500 km of highways over three years using this model to recycle capital and expand India's road network while fostering investor confidence in infrastructure development.
Union Minister Nitin Gadkari launched the Raajmarg Infra Investment Trust (RIIT) on Tuesday after its public issue was oversubscribed nearly fourteen times by investors seeking to monetize 1,500 kilometers of highways. The listing ceremony coincided with a strong market opening where benchmark indices gained significantly despite ongoing uncertainty regarding global trade routes like the Strait of Hormuz and domestic volatility concerns persisting among experts.