IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
The Board of the Investment Manager of IRB InvIT Fund has approved raising up to Rs. 1,005.28 crore through a preferential issue of 15.97 crore units at Rs. 62.95 per unit. Of these, 11.97 crore units are proposed to be allotted to the Sponsor, IRB Infrastructure Developers Limited, and 4 crore units to Larsen & Toubro Limited (L&T). The issue will be carried out under SEBI's InvIT Regulations and is subject to unitholder approval. An Extra-ordinary Meeting of unitholders has been scheduled for November 1, 2025 to seek this approval.
This capital raise strengthens IRB InvIT's balance sheet and brings in L&T as a significant strategic unitholder, which could boost investor confidence. However, existing unitholders may face dilution, and the actual impact on unit price will depend on the issue price relative to prevailing market levels.