HomeMobilityHighwaysIRB Infra to transfer Rs 8450 cr highway assets to InvIT

IRB Infra to transfer Rs 8450 cr highway assets to InvIT

IRB Infrastructure and Developers has approved the transfer of three key highway assets to its listed infrastructure investment trust, IRB InvIT Fund, in a strategic move aimed at monetising mature assets and unlocking capital for future projects.

In a regulatory filing on Friday, the company announced that its board had cleared the transfer of the IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway. The combined enterprise value of the three assets is pegged at ₹8,450 crore. The company and IRB Infrastructure Trust, which currently holds the assets, have signed a binding term sheet for the transaction following a non-binding offer exchanged on 8 May 2025. “This transaction will enable both the company and IRB Infrastructure Trust to leverage the proceeds to fund future opportunities nearly twice the size of the assets being transferred,” said Virendra D Mhaiskar, Chairman and Managing Director of IRB Infrastructure and Developers. He noted that the move aligns with IRB’s long-term target of building a ₹1,40,000 crore asset base over the next three years.

The transaction marks a significant milestone in IRB’s asset monetisation strategy as it continues to expand its footprint across the highway sector. With a current portfolio of more than ₹80,000 crore spanning 12 states, IRB remains India’s first and largest integrated highway developer and operator. The proposed transfer is expected to bolster the capital structure of both the sponsor and the trust while enabling the development of new projects under the Hybrid Annuity Model (HAM) and Build-Operate-Transfer (BOT) formats. IRB InvIT Fund, one of India’s leading listed infrastructure investment trusts, serves as a vehicle for steady returns to investors through revenue-generating road assets, while freeing up capital for developers to pursue new concessions.

The deal now awaits further regulatory clearances and formal closing procedures, but signals continued momentum in India’s infrastructure monetisation framework under the National Monetisation Pipeline.

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IRB Infra to transfer Rs 8450 cr highway assets to InvIT
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