Acquisitions2 Feb 2026, 04:52 pm
IRB InvIT Fund Completes Acquisition of Gandeva Ena HAM Assets Worth Approx. Rs.1,200Crs
AI Summary
IRB InvIT Fund, India's first listed infrastructure investment trust sponsored by IRB Infrastructure Developers Limited, has completed the acquisition of Gandeva Ena (VM7) HAM Asset, which is part of the upcoming New Delhi Greenfield Expressway. This acquisition has enhanced the Trust’s asset base and long-term revenue visibility, providing stable and predictable annuity revenue over the concession period. It has been funded through debt, thereby optimising the capital structure and improving project-level IRR. The addition of this asset expands the portfolio to 10 operational assets with an aggregate Enterprise Value of ~¥17,600 crore.
Key Highlights
- IRB InvIT Fund completes acquisition of Gandeva Ena (VM7) HAM Asset worth approx. Rs.1,200Crs.
- The acquisition enhances the Trust’s asset base and long-term revenue visibility.
- The acquisition is expected to improve distributable cash flow and dividend payouts for unitholders in the future.
- The acquisition has been funded through debt, optimising the capital structure and improving project-level IRR.
- The addition of this asset expands the portfolio to 10 operational assets with an aggregate Enterprise Value of ~¥17,600 crore.