IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IRB InvIT Fund has executed Project Implementation Agreements to acquire 100% equity in three toll road companies — IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway — from IRB Infrastructure Trust (a Private InvIT). The deal was already approved by unitholders on July 3, 2025, and these highway projects are located in Uttar Pradesh, Haryana, and Rajasthan under the NHDP/Bharatmala programme. The sponsor, IRB Infrastructure Developers, will serve as Project Manager, which is a related-party transaction carried out at arm's length. Shareholder loan and facility agreements with the three SPVs were also signed on October 29, 2025.
This consolidates three operational toll road assets into the listed InvIT, expanding its portfolio and potentially boosting future cash flows and distributions for unitholders. Since the sponsor remains involved as project manager, investors should note the related-party nature of the arrangement, though it has been stated to be at arm's length.