Announced Thu, 2 Jul · 15:11 IST
IRB group signs binding term sheet to transfer two BOT assets to public InvIT at Rs 4,605 Cr
Strategic Transactions View source PDF
IRB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹21.30
prior close
₹21.35
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8+0.7+0.4—+0.0-2.8-3.7-6.0-5.0-4.6-8.3———
Up moveDown movePending
AI summary
IRB Infrastructure Trust (Private InvIT) signed a binding term sheet to transfer 100% equity in Solapur Yedeshi Tollway and CG Tollway to IRB InvIT Fund (Public InvIT). Enterprise value Rs 4,605 Cr, equity value Rs 2,744 Cr. Related party transaction. IRB continues as Project Manager, adding about Rs 2,400 Cr to its O&M order book. Sale proceeds to fund new opportunities worth about Rs 8,000 Cr. Target asset base of Rs 1.4 lakh Cr by FY29. Closing expected by Sept 30, 2026.
Likely market impact
Positive. Capital recycling unlocks Rs 2,744 Cr to fund growth and adds Rs 2,400 Cr to O&M order book, supporting the FY29 asset base target.