IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IRB InvIT Fund submitted its half-yearly report for H1 FY26, covering its six operational road assets (five BOT and one HAM) across Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu and Punjab. The total enterprise value of the SPVs stands at Rs. 7,845 crore, with an equity value of Rs. 5,607 crore and a NAV per unit of Rs. 96.60. The Trust completed a major acquisition on November 6, 2025, buying three additional road assets (IHMTL, KTL, KGTL) from IRB Infrastructure Trust for Rs. 49,050 million, taking the combined enterprise value to Rs. 84,360 million. To fund this, the Trust raised Rs. 32,484 million via institutional placement at Rs. 60/unit, Rs. 10,053 million via preferential issue at Rs. 62.95/unit, and Rs. 11,500 million through NCDs. Both CARE and India Ratings reaffirmed AAA ratings with stable outlook. Unit price rose from Rs. 51.57 on April 1 to Rs. 62.75 on September 30, and FY25 distribution was Rs. 8.00 per unit with a 12.9% yield.
For investors, this signals portfolio expansion and stronger cash flow visibility post-acquisition, though unit count rose meaningfully (~70 crore new units), which may dilute per-unit metrics in the near term. AAA rating reaffirmation and steady toll revenues support distribution stability, while the share price recovery during the half-year reflects positive market sentiment ahead of the completed acquisition.