Acquisitions3 Jul 2026, 05:50 pm
IRB InvIT Fund Seeks Unitholder Approval for Acquisitions and Fundraising
AI Summary
IRB InvIT Fund has issued a Postal Ballot Notice seeking unitholder approval for several key resolutions. These include the acquisition of assets, specifically the 100% equity share capital of Solapur Yedeshi Tollway Limited and CG Tollway Limited. Unitholders will also vote on approving a project implementation agreement, granting approval for fundraising initiatives, and extending the term and re-appointment of the project manager. The remote e-voting period will commence on July 5, 2026, and conclude on August 3, 2026, with a cut-off date of June 30, 2026, for eligibility.
Key Highlights
- Approval sought for acquisition of Solapur Yedeshi Tollway and CG Tollway.
- Unitholders to vote on fundraising and project implementation agreements.
- E-voting period runs from July 5 to August 3, 2026.
- Extension of project manager term and re-appointment also up for vote.
Price Impact
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