IRB Infrastructure Trust Offers Two Highway Assets to IRB InvIT Fund for Rs 4,663 Cr
The two assets have an enterprise value of around Rs 4,663 crore as of March 31, 2026, according to an independent valuation assessment.
The non-binding offer proposal was approved by the Board of Directors of the investment manager of IRB Infrastructure Trust during a board meeting.
Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “Following the recent transfer of three BOT Assets from IRB Infrastructure Trust and one HAM Asset from IRB Infra, this transaction benefits both InvITs and reinforces their path to sustainable growth. Subject to requisite clearances and approvals, IRB Infrastructure Trust will deploy the deal proceeds to fund future opportunities, while IRB InvIT Fund will gain an enhanced asset portfolio, a longer weighted average concession life, and incremental revenue from these assets.” He further said, “Our B.E.S.T. (Bid, Execute, Stabilize, Transfer) strategy continues to establish IRB as a recycler of capital — efficiently churning capital from mature, stabilized assets into new growth opportunities, while creating a win-win for stakeholders across the entire IRB Group. This development brings s us closer to our goal of achieving an Rs.1,40,000 Crs asset base by 2029.”
As part of its B.E.S.T. strategy, IRB Infrastructure Trust has already transferred three BOT Assets to IRB InvIT Fund — Hapur Moradabad NH9 (Uttar Pradesh), Kaithal Rajasthan Border NH152/65 (Haryana), and Kishangarh Gulabpura NH79A (Rajasthan) — with a combined Enterprise Value of Rs.8,436 Crs. The Company has also transferred one Hybrid Annuity Asset, the Gandeva Ena VM7 Package of the Delhi-Mumbai Greenfield Expressway, with Enterprise Value of approx. Rs.1,200 Crs. The transfer of these two additional BOT Assets, offered pursuant to the Right of First Offer (ROFO) granted to IRB InvIT Fund and subject to requisite regulatory approvals and consents, will enhance the Enterprise Value of IRB InvIT Fund to approx. Rs.23,000 Crs.
Published on:
15 May 2026
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