IRB Infrastructure Developers Ltd, India’s largest multinational transport infrastructure developer, has announced that its sponsored IRB InvIT Fund (Public InvIT) has successfully completed the acquisition of three highway assets from IRB Infrastructure Trust, its Private InvIT arm. The deal, valued at an enterprise value of ₹8,436 crore, marks a key milestone in the group’s strategic capital recycling and growth plan.

The acquisition, which includes the Hapur–Moradabad NH-9 (Uttar Pradesh), Kaithal–Rajasthan Border NH-152/65 (Haryana), and Kishangarh–Gulabpura NH-79A (Rajasthan) projects, expands IRB InvIT Fund’s portfolio to nine revenue-generating highway assets covering over 4,200 operational lane kilometres with an enterprise value exceeding ₹16,000 crore.

Chairman and Managing Director Virendra D. Mhaiskar said the transaction has unlocked ₹4,905 crore of capital, which will be channelled into upcoming sector opportunities worth over ₹15,000 crore. He added that the deal reinforces investor confidence in IRB’s InvIT platform as a transparent and scalable vehicle for long-term infrastructure investment, setting the stage for the group to target the ₹1.4 lakh crore mark over the next three years.

He further said, “The strong response from the marquee global and domestic investors in support of the deal is a testament to the trust and credibility that the IRB Group has built over last three decades. With conclusion of this deal, our InvIT platform has proven its worth as a transparent and scalable vehicle for long-term infrastructure investment. With the win-win situation achieved out of this deal, now both InvITs are well positioned to enhance their respective project portfolios, strengthen distributions, and create sustainable value for its Unitholders.”

With this, three highway assets of the IRB Infrastructure Trust, Viz. Hapur Moradabad NH-9 (Uttar Pradesh), Kaithal Rajasthan Border NH-152/65 (Haryana) and Kishangarh Gulabpura NH-79A (Rajasthan) have now become part of the Assets Portfolio of the IRB InvIT Fund.

The IRB InvIT Fund will be having a Project Portfolio of 9 Revenue Generating Highway Assets, including 8 BOT assets and 1 HAM asset of more than 4,200 Operational Lane Kilometers and an enterprise value of more than Rs.16,000Crs. The weighted average concession life of the Assets under IRB InvIT Fund will now be around 17 years from the existing 14 years.

To facilitate this landmark acquisition, the Company Sponsored IRB InvIT Fund had undertaken the fund raise exercise, the first one since its launch and listing 2017 for acquisition of three assets of IRB Infrastructure Trust, with an enterprise value of Rs.8,436Crs. The exercise had witnessed strong and broad-based participation, reflecting the confidence of a diverse set of marquee long-term institutional investors, both foreign and domestic, along with several reputed family offices.