IRB InvIT Fund Acquires SYTL and CGTL for ₹4,605 Cr

IRB InvIT Fund has executed a share purchase agreement to acquire 100% equity in Solapur Yedeshi Tollway Limited (SYTL) and CG Tollway Limited (CGTL) from IRB Infrastructure Trust. The combined aggregate turnover of the target SPVs for the year ended March 31, 2026, was INR 306.59 crores. The acquisition, valued at an aggregate enterprise value of INR 4,605 crore (including debt), is considered a related party transaction but is conducted at arm's length. This strategic move aligns with the Trust's investment strategy, aiming to enhance revenue stability, expand the portfolio, achieve geographical diversification, and increase the weighted average life of assets, potentially boosting cumulative distribution per unit.