The National Highways Authority of India (NHAI) has received approval from the Securities and Exchange Board of India (SEBI) for its upcoming toll-operate-transfer infrastructure investment trust, RIIT InvIT. The regulatory nod marks a major step in the government’s continuing push to monetise operational highway assets and attract long-term institutional capital. The InvIT structure is expected to unlock significant value by enabling investors to participate in stable, annuity-style revenue streams from national highway projects.