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Time of India
04-07-2025
- Business
- Time of India
IRB InvIT Fund unitholders approve acquiring 100% stake in 3 SPVs from IRB Infrastructure Trust
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: The unitholders of IRB InvIT Fund have approved the proposed acquisition of 100 per cent of equity share capital of three special purpose vehicles (SPVs) from IRB Infrastructure Trust , an exchange filing said on Infrastructure Trust is the private InvIT associate of IRB Infrastructure and Developers , while IRB InvIT Fund is a public InvIT arm sponsored by IRB Infrastructure and Infrastructure Trust will transfer its three highway assets , having an enterprise value of around Rs 8,450 crore, to IRB InvIT Fund, IRB Infrastructure and Developers had said in a filing on May company said, "IRB InvIT Fund's unitholders have approved the proposed acquisition of 100 per cent of the equity share capital of 3 SPV from the IRB Infrastructure Trust. The transaction is based on an agreed enterprise value of Rs 8,436 crs as of June 30, 2025."The exchanges that the unitholders of the trust have given their approval to the proposed acquisition of the 100 per cent equity share capital of three SPVs with a majority of 96 per three BOT (build-operate-transfer) highway assets are IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura D Mhaiskar, Chairman & Managing Director of IRB Infrastructure and Developers, said, "...unitholders of the IRB InvIT Fund have demonstrated their strong trust and confidence in the Fund's growth strategy by passing the resolutions. We remain committed to enhancing unitholder value by actively exploring opportunities to add quality assets to the portfolio."The IRB Infrastructure Developers' operations and maintenance (O&M) order book now is expected to increase by approximately Rs 3,100 crore, taking the total order book to about Rs 33,600 crore after the is India's first integrated infrastructure player in the highways is the country's largest integrated private toll roads and highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
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Business Standard
30-05-2025
- Business
- Business Standard
IRB board approves asset transfer to InvIT fund worth Rs 8,450 crore
The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund. The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore, IRB Infrastructure and Developers said in an exchange filing. "Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT (build-operate-transfer) Highway Assets from former to later," it said. The three sell three BOT highway assets with enterprise value of about Rs 8,450 crore. Virendra D Mhaiskar, Chairman & Managing Director of the company, said, "The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred." He further said this development propels the company towards its goal of achieving Rs 1,40,000 crore asset base in three years. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
30-05-2025
- Business
- Economic Times
IRB board gives nod to asset transfer worth Rs 8,450 crore
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore, IRB Infrastructure and Developers said in an exchange filing."Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT (build-operate-transfer) Highway Assets from former to later," it three sell three BOT highway assets with enterprise value of about Rs 8,450 D Mhaiskar, Chairman & Managing Director of the company, said, "The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred."He further said this development propels the company towards its goal of achieving Rs 1,40,000 crore asset base in three is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
Time of India
30-05-2025
- Business
- Time of India
IRB board gives nod to asset transfer worth Rs 8,450 crore
The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund . The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore, IRB Infrastructure and Developers said in an exchange filing. "Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT (build-operate-transfer) Highway Assets from former to later," it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The three sell three BOT highway assets with enterprise value of about Rs 8,450 crore. Virendra D Mhaiskar, Chairman & Managing Director of the company, said, "The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred." Live Events He further said this development propels the company towards its goal of achieving Rs 1,40,000 crore asset base in three years. IRB is India's first integrated infrastructure player in the highways segment. It is the country's largest integrated private toll roads and highways highways infrastructure developer with an asset base of over Rs 80,000 crore in 12 states.
