Acquisitions4 Jul 2025, 02:09 pm
IRB InvIT Fund Unitholders Approve Acquisition of Three BOT Assets from IRB Infrastructure Trust
AI Summary
IRB InvIT Fund, sponsored by IRB Infrastructure Developers Ltd, has received approval from its unitholders to acquire three BOT assets from IRB Infrastructure Trust. The transaction is based on an agreed enterprise value of Rs.8,436 crs as of June 30, 2025. The unitholders have also approved the appointment of IRB Infrastructure Developers Ltd as the project manager for the operation and maintenance activities of the SPVs proposed to be acquired.
Key Highlights
- IRB InvIT Fund to acquire three BOT assets from IRB Infrastructure Trust for Rs.8,436 crs as of June 30, 2025.
- Unitholders approve the appointment of IRB Infrastructure Developers Ltd as the project manager for the operation and maintenance activities of the SPVs proposed to be acquired.
- The acquisition is expected to increase IRB Infrastructure Developers Ltd's O&M order book by approximately 3,100 crore.