1 week ago
IRB Infrastructure Approves ₹351 Crore Investment in InvIT Fund
IRB Infrastructure wants to put up to ₹351 crore into its infrastructure investment trust.
It plans to buy as many as 5.40 crore units at ₹65 each.
The money would help the trust buy two project companies.
The deal still needs approval from the trust’s unitholders.
It may also need other regulatory clearances.
IRB InvIT Fund operates 10 highway assets.
These roads are located across eight states.
The company has not said how much its ownership in the trust would change.
IRB Infrastructure Developers approved an investment of up to ₹351 crore in IRB InvIT Fund.
The company plans to acquire up to 5.40 crore units at ₹65 each through a preferential issue.
The investment will help IRB InvIT Fund finance the acquisition of two project special purpose vehicles.
The transaction requires approval from InvIT unitholders and any necessary regulatory clearances.
IRB InvIT Fund operates 10 revenue-generating highway assets across eight Indian states.
- Who
- IRB Infrastructure Developers and IRB InvIT Fund are involved in the proposed investment.
- What
- IRB Infrastructure plans to subscribe to up to 5.40 crore InvIT units for as much as ₹351 crore.
- Where
- The InvIT’s highway assets are located in Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, Punjab, Haryana and Uttar Pradesh.
- When
- The proposal was approved at IRB Infrastructure’s board meeting held on Wednesday; the investment will follow the legally prescribed preferential-allotment timeline.
- Why
- The subscription would provide funds for IRB InvIT Fund to acquire two project special purpose vehicles from IRB Infrastructure Trust.
Key facts
- Investment amount
- Up to ₹351 crore
- Units proposed
- Up to 5.40 crore additional units
- Issue price
- ₹65 per unit
- InvIT portfolio
- 10 revenue-generating highway assets
- FY26 turnover
- ₹1,484.55 crore consolidated turnover
- FY26 profit
- ₹338.61 crore consolidated profit after tax
- Pending conditions
- Approval from unitholders and any required regulatory clearances
Sources
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