Argus Partners advises its client on its investment in the Investment Manager of NHAI's maiden public InvIT, a major step toward widening public participation in highway financing
India is taking a major step toward widening public participation in highway financing, with the National Highways Authority of India (NHAI) set to launch its maiden public infrastructure investment trust (InvIT).
We are pleased to announce that Argus Partners advised one of its banking clients on its investment in Raajmarg Infra Investment Managers Private Limited (RIIMPL) which is a collaborative venture between leading banks and financial institutions. It will act as the manager to the public InvIT. V. Umashankar, secretary of MorTH said the trust is likely to be up and running by early next year and may raise close to ₹7,000-8,000 crore from its public issue before the end of current fiscal year in March.
The team at Argus Partners advising the client consisted of Adity Chaudhury (Partner), Anika Sharma, and Anoushka Mani (Associates).
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