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Unitholders also approved the appointment of the Sponsor as the project manager for the operations and maintenance (O&M) of the acquired assets. The resolution was passed with a 96% majority.
By CNBCTV18.com July 4, 2025, 3:45:37 PM IST (Published)
IRB Infrastructure Developers Ltd-sponsored IRB InvIT Fund has received unitholder approval to acquire 100% equity in three special purpose vehicles (SPVs) operating DBFOT (Design, Build, Finance, Operate, and Toll) road projects. These assets are currently held by the Sponsor's private InvIT, IRB Infrastructure Trust.
The deal is based on an enterprise value of ₹8,436 crore as of June 30, 2025.
Unitholders also approved the appointment of the Sponsor as the project manager for the operations and maintenance (O&M) of the acquired assets. The resolution was passed with a 96% majority.
"We are truly grateful to all unitholders for their strong trust and confidence in the Fund's growth strategy," said Virendra D Mhaiskar, Chairman & Managing Director of the Sponsor. "We remain committed to enhancing unitholder value by continuously seeking quality asset additions."
The proposed acquisitions, subject to regulatory approvals and compliances, are expected to expand the Sponsor's O&M order book by approximately ₹3,100 crore.
Shares of IRB Infrastructure Developers Ltd. are trading 0.10% lower on Friday at ₹49.45.
