IRB Invit Fund has informed the Exchange regarding Full Valuation report subsequent to material development FY ended 2025-26
Awaiting price reaction for this filing.
IRB InvIT Fund has filed the full valuation report related to its November 6, 2025 acquisition of 100% equity in three toll road SPVs — IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway — from related party IRB Infrastructure Trust. The valuation was done by KPMG Valuation Services LLP with a cut-off date of November 30, 2025. The combined Enterprise Value of the trust's 9 operational road SPVs stands at INR 16,697 crore, and the equity value of IRB InvIT Fund is INR 10,184 crore. The NAV at fair value works out to INR 79.46 per unit. A toll revenue and O&M cost projection report by GMD Consultants has also been submitted alongside. The acquisition was partly funded by issuing ~54.14 crore units at INR 60 per unit (raising INR 3,248 crore) in October 2025 and a further preferential allotment of ~15.97 crore units at INR 62.95 per unit (raising INR 1,005 crore) in November 2025.
This is a routine post-acquisition regulatory disclosure, not a new corporate action — the deal itself was completed in November 2025. For unitholders, the key takeaway is the disclosed fair value NAV of INR 79.46 per unit, which serves as a benchmark for the trust's underlying value after expanding its portfolio to 9 operational road assets. No immediate price-moving catalyst is expected from this filing, but it adds transparency around the related party transaction valuation.