IRB Infra sponsored IRB InvIT Fund completes acquisition of three highway assets

By Admin

08 Nov, 2025

IRB Infrastructure Developers Limited, India’s leading and largest multi-national transport infrastructure developer in the highways sector, has announced the successful completion of a landmark acquisition. Its sponsored entity, IRB InvIT Fund, has finalized the acquisition of three major highway assets from the IRB Infrastructure Trust, a private InvIT also sponsored by the company.

This milestone strengthens IRB InvIT Fund’s position as one of India’s most significant infrastructure investment platforms. With this acquisition, the Fund now holds a project portfolio of nine revenue-generating highway assets, comprising eight BOT (Build-Operate-Transfer) projects and one HAM (Hybrid Annuity Model) project, spanning over 4,200 operational lane kilometers with an impressive enterprise value exceeding Rs.16,000 crore. The weighted average concession life of these assets has now extended to 17 years, up from the previous 14 years, ensuring sustained long-term returns for investors.

The three newly acquired assets include:

• Hapur–Moradabad NH-9 (Uttar Pradesh)
  
  

• Kaithal–Rajasthan Border NH-152/65 (Haryana)
  
  

• Kishangarh–Gulabpura NH-79A (Rajasthan)
  
  

Commenting on this strategic milestone, Virendra D. Mhaiskar, Chairman & Managing Director of IRB Infrastructure Developers Ltd., said,

“The successful conclusion of this acquisition deal between the two InvITs marks a significant value enhancement to all the stakeholders of the IRB Group. The unlocked capital of Rs.4,905 crore through this acquisition deal will enable us to pursue upcoming opportunities in the sector worth over ₹15,000 crore, further strengthening the Group’s development pipeline and growth prospects to achieve Rs.1,40,000 crore mark in the next three years.”

He further added,

“The strong response from marquee global and domestic investors in support of the deal is a testament to the trust and credibility that the IRB Group has built over the last three decades. With the conclusion of this deal, our InvIT platform has proven its worth as a transparent and scalable vehicle for long-term infrastructure investment.”

To facilitate this landmark acquisition, the IRB InvIT Fund conducted its first fund-raising exercise since its launch and listing in 2017, aimed at financing the purchase of the three highway assets valued at Rs.8,436 crore. The fund-raising witnessed robust participation from a broad base of institutional investors, both domestic and international, along with several reputed family offices reflecting strong investor confidence in IRB’s growth trajectory.

With this acquisition, both the IRB InvIT Fund and the IRB Infrastructure Trust are strategically positioned to strengthen their portfolios, enhance distributions, and create sustainable value for their unitholders. This achievement not only reinforces IRB Group’s leadership in the highway development space but also showcases India’s growing attractiveness as a global hub for infrastructure investment.