Business Update14 May 2026, 09:21 pm
IRB InvIT Fund to Acquire Highway Assets Worth ₹4,663 Cr
AI Summary
IRB Infrastructure Trust (Private InvIT) has offered to sell two BOT highway assets, Solapur Yedeshi NH211 (Maharashtra) and Chittorgarh Gulabpura NH79 (Rajasthan), with an enterprise value of approximately ₹4,663 Cr to IRB InvIT Fund (Public InvIT). This non-binding offer aims to enhance IRB InvIT Fund's asset portfolio and extend its concession life. The deal is subject to regulatory approvals. IRB Infrastructure Trust will use the proceeds to fund future opportunities.
Key Highlights
- IRB Infrastructure Trust offers two BOT highway assets to IRB InvIT Fund for ₹4,663 Cr.
- The assets include Solapur Yedeshi NH211 and Chittorgarh Gulabpura NH79, totaling 1,144 lane kms.
- The transaction will enhance IRB InvIT Fund's enterprise value to approximately ₹23,000 Cr.
- IRB Infrastructure Trust will use deal proceeds for future growth opportunities.
- The offer is part of IRB's B.E.S.T. strategy to recycle capital and achieve ₹1,40,000 Cr asset base by 2029.