Investment26 Aug 2026, 04:40 pm
IRB Infra Approves ₹351 Cr Investment in IRB InvIT Fund
AI Summary
IRB Infrastructure Developers Ltd's Board of Directors has approved an investment of up to ₹351 crore in IRB InvIT Fund through a preferential issue. The company, acting as the Sponsor for IRB InvIT Fund, will subscribe to units to enable the Trust to acquire two project SPVs from IRB Infrastructure Trust. The transaction is subject to unitholder and regulatory approvals. IRB InvIT Fund operates a portfolio of ten revenue-generating highway assets.
Key Highlights
- IRB Infra to invest up to ₹351 crore in IRB InvIT Fund.
- Investment via preferential issue to fund SPV acquisitions.
- IRB InvIT Fund owns ten highway assets across India.
- Transaction requires unitholder and regulatory approvals.
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