Archive · 2 Jun 2025
IRB Infra to Transfer Highway Assets Worth ₹8,450 Crore
IRB Infrastructure is selling three highway projects to its associated fund, IRB InvIT Fund.
This deal is worth approximately ₹8,450 crore.
The transfer involves projects like IRB Hapur Moradabad Tollway Ltd, Kaithal Tollway Ltd, and Kishangarh Gulabpura Tollway Ltd, covering about 1,800 lane kilometers.
The money from the sale will be used to invest in new road projects.
This strategy helps the IRB Group grow by recycling capital.
The chairman says this will help them expand their assets.
IRB Infrastructure's arm is transferring three BOT highway assets to IRB InvIT Fund.
The enterprise value of the transaction is approximately ₹8,450 crore.
The deal includes 100% equity transfer in three highway projects.
Proceeds will fund ₹15,000 crore worth of upcoming road projects.
IRB Group aims to expand its asset base significantly.
- Who
- IRB Infrastructure Developers Ltd and IRB InvIT Fund
- What
- IRB Infrastructure is transferring three Build-Operate-Transfer (BOT) highway assets to IRB InvIT Fund.
- When
- May 30, 2024 (binding agreement)
- Where
- IRB Hapur Moradabad Tollway Ltd, Kaithal Tollway Ltd, and Kishangarh Gulabpura Tollway Ltd (India)
- Why
- To recycle capital for upcoming road infrastructure projects and expand IRB Group's asset base.
- Enterprise Value
- ₹8,450 crore
- Equity Value
- ₹4,905 crore
- Assets Transferred
- IRB Hapur Moradabad Tollway Ltd, Kaithal Tollway Ltd, Kishangarh Gulabpura Tollway Ltd
- Lane Kilometers
- 1,800
- Funds for Projects
- ₹15,000 crore
- Asset Base Expansion Goal
- ₹80,000 crore to ₹1,40,000 crore