Latest news with #IRBInvITFund
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.
Business Upturn
04-07-2025
- Business
- Business Upturn
IRB Infrastructure unitholders approve Rs 8,436 crore acquisition of three DBFOT SPVs from company's private InvIT
IRB Infrastructure Developers Limited announced that the unitholders of its publicly listed infrastructure investment trust, IRB InvIT Fund, have approved the acquisition of three BOT (Build-Operate-Transfer) road project SPVs from IRB Infrastructure Trust, a private InvIT associated with the company. The three SPVs—IRB Hapur Moradabad Tollway Limited, Kaithal Tollway Limited, and Kishangarh Gulabpura Tollway Limited—are involved in DBFOT (Design, Build, Finance, Operate and Transfer) road projects. The transaction, based on a binding term sheet executed on May 30, 2025, carries an enterprise value of Rs 8,436 crore as of June 30, 2025. The acquisition was approved by approximately 96% of the unitholders of IRB InvIT Fund. Alongside this, the unitholders also approved a fund raise to support the acquisition and confirmed the appointment of the Sponsor as the project manager to handle operations and maintenance for the acquired assets. Virendra D. Mhaiskar, Chairman & Managing Director of the Sponsor stated, 'We are truly grateful to all the unitholders of the IRB InvIT Fund for demonstrating their strong trust and confidence in the Fund's growth strategy by passing the resolutions,' he added. 'We remain committed to enhancing unitholder value by actively exploring opportunities to add quality assets to the portfolio.' The proposed acquisition is expected to increase the Sponsor's O&M order book by approximately Rs 3,100 crore. Completion of the deal remains subject to regulatory approvals and compliance with applicable norms. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
30-05-2025
- Business
- Business Standard
IRB InvIT Fund acquires 3 BOT assets from IRB Infra Trust for Rs 4,905 cr
IRB InvIT Fund, India's first listed infrastructure investment trust (InvIT), has signed a binding term sheet with the IRB Infrastructure Trust—the private InvIT associate of IRB Infrastructure Developers—for acquiring its three build–operate–transfer (BOT) highway assets for a consideration of Rs 4,905 crore. A spokesperson for IRB InvIT Fund said, 'This acquisition will be a remarkable milestone, expanding our portfolio to nine projects with the addition of these three high-revenue BOT highway assets and doubling our enterprise value to over Rs 16,000 crore. 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.' On 8 May, IRB InvIT Fund received a non-binding offer from the IRB Infrastructure Trust to acquire its three BOT assets—Hapur to Moradabad Highway, Kaithal–Rajasthan Highway, and Kishangarh to Gulabpura Highway—admeasuring around 1,800 kilometres, with an aggregate enterprise value of around Rs 8,450 crore and a corresponding equity value of Rs 4,905 crore. IRB InvIT Fund was formed to provide long-term, sustainable returns to unitholders by operating a portfolio of stable road assets. The proposed acquisition aligns with this strategy, as it will increase the weighted average life of the portfolio from approximately 14 years to around 17 years. 'This acquisition not only provides immediate value accretion but also establishes a clear trajectory for sustainable, long-term growth and its credentials as a robust investment platform. The platform's expanding asset base and extended portfolio life are expected to attract a broader pool of capital, further enhancing the InvIT's growth prospects,' the InvIT noted. IRB InvIT Fund is a trust settled by its sponsor, IRB Infrastructure Developers, and is registered under SEBI's InvIT Regulations, 2014.
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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.
