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• The Assets are being acquired at an equity value of Rs.4,905 Crs

• The project portfolio of the IRB InvIT Fund to expand from present 6 highway assets to proposed 9 highway assets

• Asset Base of the Trust to double from approx. Rs.7,827 Crs to approx. Rs.16,300 Crs 

• On acquisition, the Weighted Average Life of the Assets is set to go up from present around 14 Years to approx. 17 Years

IRB InvIT Fund, India’s first listed Infrastructure Investment Trust has signed a Binding Term Sheet with the IRB Infrastructure Trust, the Private InvIT Associate of IRB Infrastructure Developers Limited for acquiring its three BOT Highway Assets for a Consideration of Rs. 4,905 Crs.

The development took place today in a Board Meetings of both the respective entities.

Speaking on the occasion, the Spokesperson for IRB InvIT Fund said, “This acquisition will be a remarkable milestone, expanding our portfolio to 9 projects with the addition of these 3 high-revenue BOT highway assets and doubling our Enterprise Value to over Rs.16,000 crores," he said. " Our strategy remains focused on enhancing stakeholder value, and we will continue to explore opportunities to acquire lucrative assets, structuring our Public InvIT as a perpetual InvIT to ensure sustained long-term value for our stakeholders.”

To re-iterate, on 8th May 2025, the IRB InvIT Fund had rececived the Non-Binding Offer from the IRB Infrastructure Trust to acquire its three BOT assets, Viz. Hapur Moradabad Highway, Kaithal Rajasthan Highway and Kishangarh Gulabpura Highway admeasuring around 1,800 Lane Kilometers with an aggregate enterprise value of around Rs.8,450 Crs and corresponding equity value of Rs.4,905 crores.

Benefits of the Proposed Transfer to the IRB InvIT Fund:

• IRB InvIT Fund was formed with the objective of providing long term sustainable returns to the unitholders by operating a portfolio of stable road assets. The proposed asset acquisition is part of the same strategy as it will increase the weighted average life of the portfolio from approx. 14 years to around 17 years, paving the way for it to become a perpetual platform and achieve its long-term objectives.

• By capitalizing on a robust pipeline of high-quality operational assets and executing strategic growth initiatives, the InvIT is well-positioned to deliver compelling value to its investors.

• This acquisition not only provides immediate value accretion but also establishes a clear trajectory for sustainable, long-term growth and its credentials as a robust investment platform. The platform’s expanding asset base and extended portfolio life are expected to attract a broader pool of capital, further enhancing the InvIT’s growth prospects.

• The assets are well constructed and managed by one of the most reliable Highway Developers in India – IRB Infrastructure Developers Ltd, thus providing strong comfort to acquirer with respect to  quality of construction and O&M over balance life of assets.

• This acquisition increases geographical diversification for the portfolio expanding the presence to two more states i.e. Uttar Pradesh and Haryana.