Announced Thu, 2 Jul · 15:11 IST
Private InvIT signs binding deal for 2 BOT highway SPVs to IRB InvIT Fund
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 (associate of IRB Developers) signed a binding term sheet to transfer two BOT highway SPVs - Solapur Yedeshi (Maharashtra) and Chittorgarh Gulabpura (Rajasthan) - to the publicly listed IRB InvIT Fund. Combined enterprise value Rs 4,605 Cr; equity value Rs 2,744 Cr. Proceeds will fund new highway projects worth around Rs 8,000 Cr. IRB's O&M order book rises by about Rs 2,400 Cr. Arm's length related-party deal; targeted closing September 30, 2026.
Likely market impact
Positive: Rs 2,744 Cr unlocked for redeployment, O&M book up Rs 2,400 Cr, supports Rs 1.4 lakh Cr asset base by FY29 via capital recycling.