Doubles enterprise value to over Rs.16,000 cr
MUMBAI, May 31 (The CONNECT)- IRB InvIT Fund, India’s first listed Infrastructure Investment Trust has signed a binding term sheet with the IRB Infrastructure Trust for acquiring its three BOT Highway Assets for a Consideration of Rs. 4,905 Crs.
The development took place today in a Board Meetings of both the respective entities.
A spokesperson for IRB InvIT Fund said, this acquisition will be a remarkable milestone, expanding our portfolio to 9 projects and doubling our enterprise value to over Rs.16,000 crores.
“Our strategy remains focused on enhancing stakeholder value, and we will continue to explore opportunities to acquire lucrative assets, structuring our Public InvIT as a perpetual InvIT to ensure sustained long-term value for our stakeholders,” he said.
On May 8 2025, the IRB InvIT Fund had rececived the Non-Binding Offer from the IRB Infrastructure Trust to acquire its three BOT assets, Viz. Hapur Moradabad Highway, Kaithal Rajasthan Highway and Kishangarh Gulabpura Highway admeasuring around 1,800 Lane Kilometers with an aggregate enterprise value of around Rs.8,450 Crs and corresponding equity value of Rs.4,905 crores.
