Sale1 Dec 2025, 07:02 pm
IRB Infrastructure Developers Ltd. to Sell Gandeva Ena (VM7) HAM Project to IRB InvIT Fund for Rs.513Crs
AI Summary
IRB Infrastructure Developers Ltd. has approved the sale of its Gandeva Ena (VM7) HAM project to IRB InvIT Fund. The Company will receive Rs.513 crore as 100% equity consideration and project debt will also be transferred. This transaction will improve IRB's consolidated net debt-to-equity ratio and ensure long-term cash flow stability for the IRB InvIT Fund.
Key Highlights
- IRB Infrastructure Developers Ltd. to sell Gandeva Ena (VM7) HAM project to IRB InvIT Fund
- Company to receive Rs.513 crore as 100% equity consideration
- Project debt to be transferred
- Transaction to improve IRB's consolidated net debt-to-equity ratio
- To ensure long-term cash flow stability for the IRB InvIT Fund