NHAI gets Sebi nod to register RIIT as InvIT

MARKETS REGULATOR SEBI has granted in-principle approval to the registration of 'Raajmarg Infra Investment Trust' (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements during the next six months, an official statement said on Friday.

- PRESS TRUST OF INDIA

As a part of the process to secure final registration, RIIT will be required to meet specific conditions over the next six months. These conditions include appointment of direc-

tors, submission of requisite financial statements, and compliance with other regulatory requirements, it added.