IRB Infrastructure Trust Offers Two Major BOT Highway Assets to IRB InvIT Fund
IRB Infrastructure Trust (Private InvIT) has initiated a preliminary and non-binding offer to transfer two BOT highway assets to IRB InvIT Fund (Public InvIT), thereby enhancing the Public InvIT’s asset portfolio. The offer covers assets with an aggregate Enterprise Value of approximately Rs.4,663 Crs as of March 31, 2026.The Non-Binding Offer (NBO) was approved by the Board of Directors of the Investment Manager of IRB Infrastructure Trust. The two assets proposed for transfer are Solapur Yedeshi NH211 located in Maharashtra, and Chittorgarh Gulabpura NH79 located in Rajasthan. The assets collectively aggregate 1,144 Lane Kms.
The assets proposed for the transfer are detailed below:
| Asset Name | Mode | Lane Kms | Approx. Asset Value in Rs. Crores |
|---|---|---|---|
| Solapur Yedeshi NH211 (Maharashtra) | BOT | 395 | Rs.2,354Crs |
| Chittorgarh Gulabpura NH79 (Rajasthan) | BOT | 749 | Rs.2,309Crs |
| Total | Total | 1,144 | Rs.4,663Crs |
Commenting on the development, Mr. Virendra D. Mhaiskar, Chairman and Managing Director of the Company, stated that the transaction benefits both Infrastructure Investment Trusts (InvITs) and reinforces their path to sustainable growth.
Mr. Mhaiskar explained that, subject to requisite clearances and approvals, the deal proceeds will allow IRB Infrastructure Trust to fund future opportunities. Meanwhile, IRB InvIT Fund is expected to gain an enhanced asset portfolio, a longer weighted average concession life, and incremental revenue from these assets.
The group's B.E.S.T. (Bid, Execute, Stabilize, Transfer) strategy aims to position IRB as a recycler of capital. This strategy facilitates churning capital from mature, stabilized assets into new growth opportunities, creating a win-win scenario for stakeholders across the entire IRB Group.
The proposed transfer of these two additional BOT assets, offered pursuant to the Right of First Offer (ROFO) granted to IRB InvIT Fund, is expected to raise the Enterprise Value of IRB InvIT Fund to approximately Rs.23,000 Crs. This follows previous transfers of three BOT assets and one Hybrid Annuity Asset, totaling an Enterprise Value of approximately Rs.10,646 Crs.
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About IRB Group
IRB Group, which includes IRB Infrastructure Developers Ltd. (Parent Company) and two listed Infrastructure Investment Trusts (InvITs)—IRB Infrastructure Trust (Private InvIT) and IRB InvIT Fund (Public InvIT)—is positioned as India's leading and largest toll road concessionaire. The Group manages an asset portfolio comprising 28 Highways, spanning approximately 17,500 Operational Lane Kms and an asset base of roughly Rs.94,000Crs across 13 Indian States. The Group holds a significant market share in the awarded TOT space and operates a large BOT portfolio of 18 Highway Assets and 4 Hybrid Annuity Highway Assets.IRB Stock Price Movement
Shares of IRB Infrastructure Developers Limited today slipped by 0.10% to settle at ₹20.39. The stock saw significant activity, trading a total volume of 9.81 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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