Acquisitions2 Oct 2025, 07:21 pm
IRB Infrastructure Trust Executes Share Purchase Agreement for Transfer of Project SPVs to Public InvIT
AI Summary
IRB Infrastructure Trust has executed a share purchase agreement dated October 2, 2025, for the transfer of 100% equity share capital of IRB Hapur Moradabad Tollway Limited, Kaithal Tollway Limited and Kishangarh Gulabpura Tollway Limited to IRB InvIT Fund. The Project SPVs have a combined contribution of ~Rs. 469 Crore towards the Trust’s consolidated turnover and ~Rs. 8,518 Crore towards the Enterprise Value of the Trust for the financial year 2024-25. The consideration will be received in cash, resulting in a minimum enterprise value of INR 8,436 crore.
Key Highlights
- IRB Infrastructure Trust has executed a share purchase agreement for the transfer of 100% equity share capital of three Project Special Purpose Vehicles (SPVs) to IRB InvIT Fund.
- The Project SPVs have a significant contribution to the Trust’s consolidated turnover and Enterprise Value.
- The consideration for the transfer will be received in cash, resulting in a minimum enterprise value of INR 8,436 crore.
- IRB Infrastructure Developers Limited, the Sponsor to IRB Infrastructure Trust, also functions as the Sponsor to the IRB InvIT Fund.
- The sale is not part of a Scheme of Arrangement and is at arms-length.