IRB InvIT Fund has successfully completed a Rs.2,351 crore fund raise through institutional placement and preferential allotment of units. The fund raise comprises a Rs.2,000 crore Qualified Institutional Placement (QIP) and a Rs.351 crore preferential allotment to IRB Infrastructure Developers Ltd.

The transaction marks another significant fund-raising milestone for IRB InvIT Fund, India’s first listed Infrastructure Investment Trust, with participation from domestic and international institutional investors.

 IRB InvIT Fund Rs.2,351 Crore Fund Raise

The total IRB InvIT Fund fund raise comprises:

| Fund-Raising Route                      |             Amount |

| ————————————— | —————–: |

| Qualified Institutional Placement (QIP) |     Rs.2,000 crore |

| Preferential Allotment                  |       Rs.351 crore |

| Total Fund Raise                    | Rs.2,351 crore |

The Committee of Directors of IRB Infrastructure Private Limited, the Investment Manager of IRB InvIT Fund, approved the allotment of units aggregating to Rs.2,000 crore pursuant to the institutional placement.

Earlier, on September 25, 2026, the Investment Manager completed the preferential allotment of units worth Rs.351 crore to IRB Infrastructure Developers Ltd.

 Strong Institutional Participation in IRB InvIT Fund

The Rs.2,351 crore IRB InvIT fund raise witnessed broad-based participation from domestic and international investors.

The participating investor base included:

* Pension funds

* Insurance companies

* Mutual funds

* Family offices

* Other long-term institutional investors

The fund raise also included a Rs.351 crore investment by IRB Infrastructure Developers Ltd., the Sponsor, through preferential allotment of units. The investment is intended to maintain its approximately 16% stake in IRB InvIT Fund.

 Use of Proceeds: Acquisition of Two Highway Assets

The proceeds from the IRB InvIT Fund fund raise will be used to partly fund the acquisition of two BOT highway assets from the IRB Infrastructure Trust, along with general corporate purposes.

The two highway assets are:

1. Solapur–Yedeshi NH211 in Maharashtra

2. Chittorgarh–Gulabpura NH79 in Rajasthan

The proposed acquisitions are expected to further expand IRB InvIT Fund’s operational highway portfolio.

 IRB InvIT Fund Portfolio to Expand

Following the proposed acquisitions, the IRB InvIT Fund portfolio is expected to comprise:

11 operational highway assets

9 BOT assets and 2 HAM assets

5,314 lane kilometres

Enterprise Value of more than Rs.20,000 crore

Weighted Average Concession Life of approximately 17 years

According to the company, the addition of the two highway assets will strengthen the portfolio and support its future distribution potential.

 Management Commentary on the Fund Raise

Rushabh Gandhi, Wholetime Director & CFO, IRB Infrastructure Private Limited, said the fund raise represents another important milestone for the InvIT since its IPO and previous fund raise. He stated that the proceeds will support the proposed acquisition of two highway assets and help strengthen the portfolio and asset life.

Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd., said the addition of the two assets will take the InvIT’s portfolio size to approximately Rs.23,000 crore. He also highlighted the company’s plans to scale the portfolio over the next two to three years.

 What the IRB InvIT Fund Fund Raise Means

The Rs.2,351 crore IRB InvIT Fund fund raise combines institutional capital with sponsor participation and is intended to support the acquisition of additional highway assets.

With the proposed addition of Solapur–Yedeshi NH211 and Chittorgarh–Gulabpura NH79, IRB InvIT Fund is set to expand its operational highway portfolio while targeting further scale in India’s infrastructure investment landscape.

In summary, the IRB InvIT Fund fund raise of Rs.2,351 crore comprises Rs.2,000 crore through QIP and Rs.351 crore through preferential allotment, with proceeds earmarked primarily for highway asset acquisitions and general purposes.