IRB Infrastructure Trust (Private InvIT) offers to sell two BOT highway assets with Enterprise Value of  approx. Rs.4,663 Crs to IRB InvIT Fund (Public InvIT)

Non-Binding Offer is for Solapur Yedeshi NH211 (Maharashtra) and Chittorgarh Gulabpura NH79 (Rajasthan) BOT Assets, aggregating 1,144 Lane Kms

Mumbai: IRB Infrastructure Trust (Private InvIT) has offered two of its 14 revenue-generating Highway Assets with approx. Enterprise Value of Rs.4,663 Crs as on 31st March 2026, as assessed by an independent valuer, to IRB InvIT Fund (Public InvIT).

The Board of Directors of Investment Manager of IRB Infrastructure Trust approved the Non-Binding Offer Proposal in a Board Meeting held today.

Commenting on the development, Mr. Virendra D. Mhaiskar, Chairman & Managing Director of the Company said, “Following the recent transfer of three BOT Assets from IRB Infrastructure Trust and one HAM Asset from IRB Infra, this transaction benefits both InvITs and reinforces their path to sustainable growth. Subject to requisite clearances and approvals, IRB Infrastructure Trust will deploy the deal proceeds to fund future opportunities, while IRB InvIT Fund will gain an enhanced asset portfolio, a longer weighted average concession life, and incremental revenue from these assets.” He further said, “Our B.E.S.T. (Bid, Execute, Stabilize, Transfer) strategy continues to establish IRB as a recycler of capital — efficiently churning capital from mature, stabilized assets into new growth opportunities, while creating a win-win for stakeholders across the entire IRB Group. This development brings s us closer to our goal of achieving an Rs.1,40,000 Crs asset base by 2029.”

Details on Assets offered:

As part of its B.E.S.T. strategy, IRB Infrastructure Trust has already transferred three BOT Assets to IRB InvIT Fund — Hapur Moradabad NH9 (Uttar Pradesh), Kaithal Rajasthan Border NH152/65 (Haryana), and Kishangarh Gulabpura NH79A (Rajasthan) — with a combined Enterprise Value of Rs.8,436 Crs. The Company has also transferred one Hybrid Annuity Asset, the Gandeva Ena VM7 Package of the Delhi-Mumbai Greenfield Expressway, with Enterprise Value of approx. Rs.1,200 Crs. The transfer of these two additional BOT Assets, offered pursuant to the Right of First Offer (ROFO) granted to IRB InvIT Fund and subject to requisite regulatory approvals and consents, will enhance the Enterprise Value of IRB InvIT Fund to approx. Rs.23,000 Crs.