Iran Denies Agreement to Renew US Talks amid Rising Maritime Tensions
NHAI-Sponsored RIIT IPO Lists on BSE, Receives Overwhelming Response
Mar 24, 2026The Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), was officially listed on the Bombay Stock Exchange (BSE) today. The listing ceremony was inaugurated by Union Minister for Road Transport and Highways, Nitin Gadkari, in the presence of senior officials from the Ministry of Road Transport and Highways (MoRTH) and NHAI.
Addressing the event, Gadkari highlighted the government’s commitment to decentralising and monetising public assets to benefit common citizens. He noted that since 2014, under the leadership of Prime Minister Narendra Modi, nearly ₹3 lakh crore of stressed and non-performing infrastructure projects have been turned profitable, with successful returns to investors.
The RIIT maiden public issue received an overwhelming response, being oversubscribed nearly 14 times, reflecting strong confidence from both retail and institutional investors. The trust is designed to unlock the value of operational National Highway assets while providing high-quality, long-term investment opportunities.
Gadkari further stated that India has a significant pool of infrastructure assets, which, if effectively utilised, could mobilise up to ₹8 lakh crore in investments, boosting the country’s economic growth. He acknowledged initial scepticism about the initiative but expressed confidence in its success given the strong investor response.
The listing of RIIT marks a significant step in broadening public participation in India’s National Highways sector and strengthening the nation’s infrastructure financing ecosystem.
Most Recent
