IRB Invit Fund has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
IRB InvIT Fund has signed a share purchase agreement on October 2, 2025 to acquire 100% equity in three road tollway companies — IRB Hapur Moradabad Tollway (IHMTL), Kaithal Tollway (KTL) and Kishangarh Gulabpura Tollway (KGTL) — from its group entity IRB Infrastructure Trust (Private InvIT). The combined turnover of the three SPVs was ₹469.31 crore in FY25, up from ₹452.64 crore in FY24 but lower than ₹593.99 crore in FY23. The deal is valued at an equity consideration of ₹4,905 crore, translating to a minimum enterprise value of ₹8,436 crore, and is being paid entirely in cash. This is a related-party transaction (common sponsor) approved by unitholders via postal ballot on July 3, 2025, and is being done at arm's length. Acquisition is expected to be completed by October 31, 2025.
The deal will expand the InvIT's road asset portfolio, extend the weighted average life of its assets and is expected to boost long-term cumulative distributions per unit (DPU). For unitholders, this signals portfolio scale-up and stable cash-flow visibility, though the large related-party transaction will be closely watched for arm's-length pricing.