IRB Infrastructure Developers’ associate company -- IRB Infrastructure Trust has made a non-binding offer to transfer five matured highway assets to the IRB InvIT Fund, a publicly listed InvIT platform. The proposed transfer is subject to, amongst others, execution of definitive documents and the receipt of necessary approvals.

As of September 2024, the 5 assets are valued at around Rs 15,000 crore of enterprise value, as outlined in the independent valuer's report of the Private InvIT. The exact value at which these assets are proposed to be transferred to the Public InvIT has not yet been determined and will be recorded in the definitive documents. These proceeds are expected to be reinvested into upcoming opportunities in the sector, including new BOT (Build-Operate-Transfer) and TOT (Toll-Operate-Transfer) projects at accretive returns.

The company will continue its role as the EPC (Engineering, Procurement, and Construction) player and O&M (Operations and Maintenance) contractor for all projects within both the Private InvIT and the Public InvIT, maintaining its position as project manager.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.