State Bank of India acquires stake in Raajmarg Infra Managers

State Bank of India (SBI) has subscribed to 510,000 equity shares of Raajmarg Infra Investment Managers Private Limited through a rights issue. This acquisition brings SBI's total holding in the company to 1,490,000 shares, representing a 7.45% stake. The acquisition cost was INR 10 per share.

Raajmarg Infra Investment Managers Pvt. Ltd. was incorporated on August 22, 2025, with an authorized and paid-up capital of INR 20 crore. The company, which is yet to commence operations, will provide investment management services to a proposed InvIT sponsored by the National Highway Authority of India (NHAI).

The acquisition is expected to be completed by December 31, 2025. This move positions SBI to play a role in the infrastructure investment management space.