BSEIRB InvIT FundHighNeutral
Announced Thu, 29 Oct, 2026 · 18:32 IST
IRB InvIT completes Rs 460.5 crore acquisition of two tollway assets
Price reaction
Awaiting price reaction for this filing.
AI summary
IRB InvIT Fund's H1 FY27 report says it bought 100% of Solapur Yedeshi Tollway and CG Tollway on September 30, 2026. The agreed enterprise value was Rs 460.5 crore, against an independent valuation of Rs 472.44 crore. Funding included Rs 144.65 crore of borrowing, Rs 200 crore from institutional investors and Rs 35.1 crore from a preferential issue. The fund now has 11 road assets and net asset value of Rs 75.46 per unit.
Likely market impact
Buying below independent value supports NAV, but added debt and 371.46 million new units may raise leverage and dilute per-unit distributions.