Investment8 Oct 2025, 07:02 pm
IRB Infrastructure Developers Ltd to Invest Rs.753 Crore in IRB InvIT Fund
AI Summary
IRB Infrastructure Developers Ltd has approved an investment of up to Rs.753,48,00,250 in the units of IRB InvIT Fund, a SEBI registered Infrastructure Investment Trust. The proposed acquisition of units will enable the Trust to raise funds for acquisition of three project SPVs from IRB Infrastructure. The transaction is subject to the receipt of necessary governmental and regulatory approvals and the units will be acquired by the Company within the time period prescribed for preferential allotment under applicable law.
Key Highlights
- IRB Infrastructure Developers Ltd to invest Rs.753 crore in IRB InvIT Fund
- Investment to enable Trust to raise funds for acquisition of three project SPVs from IRB Infrastructure
- Transaction subject to necessary governmental and regulatory approvals
- Units to be acquired within the time period prescribed for preferential allotment under applicable law