NHAI-sponsored ‘InvIT gets listed on the BSE

NHAI's Raajmarga InvIT listed on BSE, enhancing investor participation in highway infrastructure with strong demand and oversubscription.

The National Highways Authority of India’s (NHAI) Raajmarga Infrastructure Investment Trust (RIIT) was listed on the Bombay Stock Exchange (BSE) on Tuesday (March 24, 2026), in the presence of Union Road Transport and Highways Minister Nitin Gadkari.

The public InvIT, regulated by the Securities and Exchange Board of India (SEBI), is aimed at widening investor participation in the country’s highway infrastructure sector.

Calling the listing a “significant milestone,” Mr. Gadkari said the issue saw strong demand, with subscriptions reaching nearly 14 times the offer size. He added that the government plans to monetise 1,500 km of highways over the next three years through the InvIT route, signalling a push towards infrastructure funding driven by public participation.

The listing comes as the Ministry of Road Transport and Highways (MoRTH) and NHAI have together monetised assets worth about ₹1.5 lakh crore under the National Monetisation Pipeline (NMP-1) through models such as Toll-Operate-Transfer (ToT), InvITs and securitisation.

RIIT has been structured as a public-private partnership with participation from NHAI, NaBFID, banks and financial institutions, aimed at ensuring professional management and financial discipline.

The trust has secured rights to five operational highway assets across Jharkhand, Tamil Nadu, Andhra Pradesh and Karnataka, with a total concession value of around ₹9,500 crore.