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SEBI Clears NHAI’s Raajmarg InvIT, Opening Highway Investments to Public
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SEBI Clears NHAI’s Raajmarg InvIT, Opening Highway Investments to Public
The Securities and Exchange Board of India (SEBI) has granted in-principle approval to register Raajmarg Infra Investment Trust (RIIT) as a Public InvIT, marking a key step for the National Highways Authority of India (NHAI). A public InvIT works similarly to a mutual fund, allowing individuals and institutions to invest in revenue-generating infrastructure assets such as toll roads. With this approval, NHAI can now begin preparing RIIT to event…
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