SEBI Approves NHAI's Raajmarg Infra Investment Trust Registration
The Securities and Exchange Board of India (SEBI) has granted in-principle approval for the registration of Raajmarg Infra Investment Trust (RIIT) as an Infrastructure Investment Trust (InvIT). This move is a part of National Highways Authority of India (NHAI)'s asset monetization program aimed at unlocking the financial potential of its assets while providing long-term investment opportunities. Raajmarg Infra Investment Managers Pvt. Ltd. has been established with support from major banks to manage the trust. NHAI has previously monetized assets worth billions through various models.
Source: Original Link