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India's Raajmarg Infra Trust launched on BSE, oversubscribed 14x, funding 1,500 km of highways.
Union Minister Nitin Gadkari launched the NHAI-backed Raajmarg Infra Investment Trust on the Bombay Stock Exchange, with its public issue oversubscribed nearly 14 times.
The trust aims to monetize 1,500 kilometers of highways over three years, enabling public investment in India’s infrastructure and supporting Prime Minister Modi’s Aatmanirbhar Bharat vision.
The listing marked a major step in financing highway development, turning users into stakeholders.
Indian markets opened higher, with the Nifty 50 and Sensex rising over 1.6% and 2%, respectively, driven by broad sectoral gains, though geopolitical tensions in the Strait of Hormuz persisted.
El Rajmarg Infra Trust de la India, lanzado en BSE, se suscribió más de 14 veces, financiando 1.500 km de autopistas.