Targets ₹1.4-lakh-crore asset base through sponsor and O&M platform.
MUMBAI, July 2 (The CONCEPT): IRB Infrastructure Trust and IRB InvIT Fund have signed a binding term sheet to transfer two premium Build-Operate-Transfer (BOT) highway assets to the publicly listed IRB InvIT Fund in a ₹2,744-crore transaction, advancing the group’s capital recycling strategy and long-term infrastructure growth plans.
The definitive agreement follows the non-binding offer exchanged on May 14, 2026. Approved by the boards of the investment managers of both entities on Thursday, the transaction expands the public InvIT’s portfolio with mature, revenue-generating assets while unlocking capital for fresh investments.
Following the transfer, IRB will continue as the Project Manager for both highway projects, increasing its operations and maintenance (O&M) order book by approximately ₹2,400 crore.
Virendra D. Mhaiskar, Chairman and Managing Director of IRB, said the transaction strengthens both investment trusts by adding seasoned, high-quality assets with a longer weighted average concession life to the public InvIT while replenishing the private InvIT’s capital for future acquisitions and project development.
“This scalable model cements IRB’s transition into a premier sponsor and O&M platform, accelerating our progress towards building an asset base of ₹1.4 lakh crore over the next three to four years,” he said.
The two BOT highway projects being transferred are the 395-lane-km Solapur–Yedeshi section of NH-211 in Maharashtra and the 749-lane-km Chittorgarh–Gulabpura section of NH-79 in Rajasthan.
IRB said the ₹2,744-crore sale proceeds will be redeployed to acquire and develop infrastructure assets worth around ₹8,000 crore, reinforcing its strategy of monetising operational assets to fund the next phase of growth.
