IRB Invit Fund has informed the Exchange regarding Issue of units through Preferential issue on 03/11/2025
Awaiting price reaction for this filing.
IRB InvIT Fund has allotted 15,96,95,000 units (about 15.97 crore units) at INR 62.95 per unit, raising approximately INR 1,005.28 crore on a preferential basis. The units were allotted to two parties: IRB Infrastructure Developers Limited (the Sponsor), which received 11,96,95,000 units worth about INR 753.48 crore, and Larsen and Toubro Limited (L&T, a non-Sponsor), which received 4,00,00,000 units worth about INR 251.80 crore. The allotment was approved by the Committee of Directors of the Investment Manager on November 3, 2025, based on an earlier unitholder resolution dated November 1, 2025. The newly allotted units will rank equally with existing units but will be subject to mandatory lock-in as per InvIT Regulations.
The fundraise of over INR 1,000 crore strengthens IRB InvIT's capital base, while L&T — one of India's largest infrastructure majors — coming in as a non-sponsor investor adds significant credibility. Continued large participation by the Sponsor signals internal confidence, and the lock-in means supply will be restricted in the near term, which existing unitholders may view positively.