IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IRB InvIT Fund has completed the acquisition of 100% equity stake in three highway Special Purpose Vehicles — IRB Hapur Moradabad Tollway (Uttar Pradesh), Kaithal Tollway (Haryana), and Kishangarh Gulabpura Tollway (Rajasthan) — from IRB Infrastructure Trust (Private InvIT) for an enterprise value of Rs. 8,436 Crores. To fund the deal, the trust raised approximately Rs. 4,250 Crores from marquee global and domestic institutional investors as well as family offices, marking its first capital raise since listing in 2017. Post-acquisition, IRB InvIT Fund's portfolio has grown to 9 revenue-generating highway assets with a combined enterprise value of around Rs. 16,000 Crores, and the weighted average concession life has extended from 14 years to 17 years. The acquisition also expands the fund's geographic footprint to two additional states.
This is a value-accretive expansion for IRB InvIT Fund unitholders — a larger asset base of ~Rs. 16,000 Crores and longer concession life (14→17 years) should support stronger and more sustained distributions over the long term. The strong investor participation signals confidence in the InvIT platform and may be viewed positively by the market.