IRB group signs binding term sheet to transfer two BOT assets to public InvIT at Rs 4,605 Cr
IRB · price
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On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.5 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
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.