IRB InvIT Fund Successfully Completes Fund-Raise of Rs.3,248.43Crs Through Institutional Placement of Units

IRB Infrastructure Developers Ltd, India’s leading and the largest multi-national transport infrastructure developer in the highways sector, has announced successful completion of the fund-raising of Rs.3,248.43Crs by its sponsored Public InviT, i.e., IRB InviT Fund through Institutional Placement of Units. This is the first fund-raise activity by the Company Sponsored IRB InvIT Fund since its launch and listing in 2017, which witnessed strong and broad-based participation from marquee global and domestic investors, along with several reputed family offices. The funds will be partly used to fund the acquisition of three BOT highway assets from the IRB Infrastructure Trust. This infusion will enable the Private InvIT to pursue new highway projects worth over ~15,000 Crores, further strengthening the Group’s development pipeline and growth prospects.