- This marks a major step in NHAI’s highway asset monetisation programme, allowing investors to participate in revenue-generating road projects.
- InvITs function like mutual funds but are linked to infrastructure assets, helping raise funds for new highway development.
- With this approval, RIIT must meet compliance requirements within six months to obtain final registration.
- The move reduces NHAI’s dependence on government funding and opens new opportunities for retail and institutional investors.
Question:
Q.1 SEBI’s in-principle approval granted on December 5, 2025 to the National Highways Authority of India (NHAI) is related to:a) Launch of a new highway bond scheme
b) Registration of Raajmarg Infra Investment Trust (RIIT) as an InvIT
c) Listing of NHAI shares on stock exchanges
d) Creation of a sovereign wealth fund for highways
Answer: b) SEBI gave in-principle approval for registering Raajmarg Infra Investment Trust (RIIT) as an Infrastructure Investment Trust (InvIT), supporting NHAI’s highway asset monetisation programme.
