IRB InvIT Fund Raises ₹2,351 Crs via Placement

IRB Infrastructure Developers Ltd announced that its sponsored Public InvIT, IRB InvIT Fund, has successfully raised ₹2,351 Crores through an Institutional Placement (₹2,000 Crs) and Preferential Allotment (₹351 Crs). The funds will be used to partly acquire two BOT highway assets: Solapur Yedeshi NH211 and Chittorgarh Gulabpura NH79 from IRB Infrastructure Trust. The company, as Sponsor and Project Manager, invested ₹351 Crs to maintain its stake. This fundraise validates investor confidence in India's infrastructure growth and the InvIT platform, supporting IRB Group's B.E.S.T. strategy for portfolio growth through strategic asset monetization and future expansion.