Advertisement
Unitholders of IRB InvIT Fund have approved the acquisition of 100% equity in three highway SPVs-Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway-from IRB Infrastructure Trust, at an enterprise value of INR 8,436 crore. The approval saw 96% support from unitholders. The assets, operating under the build-operate-transfer (BOT) model, will boost IRB Infrastructure Developers' operations and maintenance order book by INR 3,100 crore, bringing the total to INR 33,600 crore. IRB InvIT is the public infrastructure trust arm of IRB Infrastructure Developers, which is India's largest private toll roads and highways developer, with an asset base exceeding INR 80,000 crore across 12 states.
The unitholders of IRB InvIT Fund have approved the proposed acquisition of 100 per cent of equity share capital of three special purpose vehicles (SPVs) from IRB Infrastructure Trust, an exchange filing said on Friday. Advertisement
IRB Infrastructure Trust is the private InvIT associate of IRB Infrastructure and Developers, while IRB InvIT Fund is a public InvIT arm sponsored by IRB Infrastructure and Developers.
IRB Infrastructure Trust will transfer its three highway assets, having an enterprise value of around Rs 8,450 crore, to IRB InvIT Fund, IRB Infrastructure and Developers
The company said, "IRB InvIT Fund's unitholders have approved the proposed acquisition of 100 per cent of the equity share capital of 3 SPV from the IRB Infrastructure Trust. The transaction is based on an agreed enterprise value of Rs 8,436 crs as of June 30, 2025."
The exchanges that the unitholders of the trust have given their approval to the proposed acquisition of the 100 per cent equity share capital of three SPVs with a majority of 96 per cent. The three BOT (build-operate-transfer) highway assets are IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway.
The IRB Infrastructure Developers' operations and maintenance (O&M) order book now is expected to increase by approximately Rs 3,100 crore, taking the total order book to about Rs 33,600 crore after the acquisitions. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
Source: PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
