The IRB Infrastructure and Developers board on Friday approved a proposal to transfer three road assets of IRB Infrastructure Trust to IRB InvIT Fund.
The three BOT (build-operate-transfer) assets — IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway — have an enterprise value of ₹8,450 crore, IRB Infrastructure and Developers said in an exchange filing.
“Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT Highway Assets from former to later,” it said.
Virendra D Mhaiskar, Chairman & Managing Director of the company, said, “The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred.” He added that this development propels the company towards its goal of achieving ₹1,40,000 crore asset base in three years.
IRB is India’s first integrated infrastructure player in the highways segment. It is the country’s largest integrated private toll roads and highways infrastructure developer with an asset base of over ₹80,000 crore in 12 states.
Published on May 31, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
