Advertisement
IRB InvIT Fund has completed the acquisition of three highway assets from IRB Infrastructure Trust, valued at around INR 8,436 crore. Supported by INR 4,250 crore in fresh investments from global and domestic investors, the deal expands the Fund�s footprint to Uttar Pradesh and Haryana, bringing its total portfolio to nine operational highway projects worth about INR 16,000 crore. The acquisition extends the average concession life from 14 to 17 years and marks IRB InvIT�s first major fundraising since its 2017 listing. The move strengthens the Fund�s long-term growth strategy, enhancing value for investors and reinforcing its leadership in India�s highway infrastructure sector.
IRB InvIT Fund, a publicly listed infrastructure investment trust, finalised the acquisition of three highway assets from IRB Infrastructure Trust, with a combined enterprise value of approximately INR 8,436 crore. The development was backed by both global and domestic investors, who collectively infused around INR 4,250 crore into the Fund to support the transaction, according to a statement released by IRB Infrastructure Private Limited earlier this week. Advertisement
Following the transfer of assets, IRB InvIT Fund has expanded its presence to two additional states?Uttar Pradesh and Haryana. With this acquisition, the Fund?s project portfolio now comprises nine revenue-generating highway projects, cumulatively valued at about INR 16,000 crore.
Rushabh Gandhi, Director and Chief Financial Officer of IRB Infrastructure Private Limited, mentioned that the completion of the acquisition represented a major milestone in the company?s ongoing growth journey. The weighted average life of the concession period has also increased from 14 years to 17 years as a result of the deal.
Virendra D. Mhaiskar, Chairman and Managing Director of IRB Infrastructure Private Limited, remarked that the successful completion of this acquisition between the two InvITs would deliver significant value to stakeholders across all three entities?IRB Infra, IRB Infrastructure Trust, and IRB InvIT Fund. This transaction marks the first fundraising effort by IRB InvIT Fund since its establishment and listing in 2017.
The completion of this acquisition underscores IRB InvIT Fund?s strategic focus on portfolio expansion and long-term value creation. By adding new projects in Uttar Pradesh and Haryana, and extending concession periods, the Fund has reinforced its position within the highway infrastructure sector. The investment infusion and enhanced asset base are expected to yield sustained benefits for investors and stakeholders alike.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
