IRB InvIT Fund completes acquisition of three highway assets

IRB Infrastructure Developers Limited announced that its sponsored IRB InvIT Fund has successfully completed the acquisition of three highway assets from the IRB Infrastructure Trust (Private InvIT), with an enterprise value of Rs.8,436Crs. This transaction, supported by global and domestic investors infusing Rs.4,250Crs into the IRB InvIT Fund, expands its footprint into Uttar Pradesh and Haryana.

The acquisition involved the transfer of 100% equity share capital of IRB Hapur Moradabad Tollway Limited, Kaithal Tollway Limited, and Kishangarh Gulabpura Tollway Limited. This deal enables IRB Group to unlock capital of Rs.4,905Crs to pursue upcoming opportunities worth over ₹15,000 Crores.

Following this acquisition, the IRB InvIT Fund’s project portfolio now comprises 9 revenue-generating highway projects, including 8 BOT assets and 1 HAM asset, covering over 4,200 operational lane kilometers, with an enterprise value of approximately Rs.16,000Crs. The weighted average concession life of the assets under IRB InvIT Fund has increased from 14 years to 17 years.