IRB Infrastructure Developers Ltd. has announced that its Board of Directors, during a meeting on August 26, 2026, approved an investment of up to ₹351,00,00,000 (Indian Rupees Three Hundred Fifty-One Crore Only). This investment will be made through a preferential issue subscription to units of IRB InvIT Fund, a SEBI-registered Infrastructure Investment Trust, where the company acts as the Sponsor. The approval is subject to unitholder and other necessary approvals.
Board Approves Major Investment in IRB InvIT Fund
IRB Infrastructure Developers Ltd. (the “Company”) announced today, August 26, 2026, that its Board of Directors (the “Board”) has accorded approval for a significant investment. The approval facilitates the subscription to units of IRB InvIT Fund, a SEBI-registered Infrastructure Investment Trust for which the Company serves as the Sponsor.
Investment Details and Amount
The investment will be made through a preferential issue proposed by IRB InvIT Fund. The total amount approved for this preferential issue subscription is up to ₹351,00,00,000 (Indian Rupees Three Hundred Fifty-One Crore Only). This strategic move aims to further bolster the InvIT’s capital base for its infrastructure investment activities.
Conditions and Approvals
This approval is contingent upon the successful acquisition of unitholder approval for IRB InvIT Fund and any other requisite regulatory or corporate approvals that may be necessary. The Board Meeting commenced at 3:00 pm and concluded at 4:10 pm on the same day.
Annexure Details
Further details concerning the transaction, including the nature of the entity, industry, objects, impact of acquisition, regulatory approvals required, indicative time period, and consideration, are provided in the annexed “Annexure – I”. The target entity, IRB InvIT Fund, is a trust registered under SEBI regulations for infrastructure investment, focused on owning, operating, and maintaining revenue-generating highway assets.
Financial Highlights of IRB InvIT Fund
As per the provided details, IRB InvIT Fund’s consolidated financial performance for recent fiscal years includes:
- FY 2025-26: Turnover of ₹1,484.55 crore, PAT of ₹338.61 crore, and Net Worth of ₹7,737.30 crore.
- FY 2024-25: Consolidated turnover of ₹1,110.24 crore.
- FY 2023-24: Consolidated turnover of ₹1,085.90 crore.
The proposed acquisition involves units at a price of ₹65 per unit, aggregating to the total investment amount. The Company proposes to acquire up to 5,40,00,000 additional units.
Source: BSE
