
IRB InvIT Fund Unitholders Approve Asset Acquisition and Fund Raising
IRB InvIT Fund has announced the voting results of its postal ballot, indicating that unitholders have approved key resolutions. Resolution 1, concerning the acquisition of assets, passed with an ordinary majority, receiving overwhelming support from public institutional and non-institutional holders, and full support from sponsor/investment manager related parties. Resolution 2, approving a Project Implementation Agreement, also passed with an ordinary majority, with strong backing from public institutional holders and near-unanimous approval from public non-institutional holders. Resolution 3, for fund raising, required a special majority and saw near-unanimous approval across all categories. The voting was conducted via remote e-voting, with Kfin Technologies Limited serving as the service provider. The resolutions are deemed passed as of August 3, 2026.
Key Highlights
- Unitholders approved asset acquisition and related matters.
- Project Implementation Agreement and fund raising resolutions passed.
- Remote e-voting facility was provided to all unitholders.
- Resolutions deemed passed on August 3, 2026, with ordinary/special majorities.
Price Impact
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