The maiden public issue of the RIIT received a strong response from investors, marking its debut on the BSE. PICS/ PTI
Officials described the listing as an important step in attracting investment into India’s highway infrastructure sector
Addressing the listing ceremony, Gadkari said the next target is to monetise 1,500 kilometres of highways over the next three years through Raajmarg Infra Investment Trust (InvIT)
Gadkari highlighted that the Raajmarg InvIT represents a transformative step, turning national highway users into stakeholders in the projects
He also noted that the public issue of the InvIT was oversubscribed nearly 14 times, marking a significant milestone in India’s infrastructure investment journey
Meanwhile, earlier in the day, the domestic share markets opened on a positive note, taking a breather from recent selling pressure, with both benchmark indices registering strong gains in early trade
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