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• IRB Infrastructure Trust has made a non-binding offer to transfer two operational BOT highway assets valued at approximately INR 4,663 crore to IRB InvIT Fund.
• The proposed transaction includes the Solapur-Yedeshi NH211 project in Maharashtra and the Chittorgarh-Gulabpura NH79 project in Rajasthan, together spanning 1,144 lane kilometres.
• The asset valuation was carried out by an independent valuer as of March 31, 2026, while the proposal was approved by the board of the investment manager of IRB Infrastructure Trust in the past week.
• The company stated that the proceeds from the proposed transfer would be used to fund future infrastructure opportunities, while the public InvIT platform would benefit from additional revenue-generating assets and a longer concession profile.
• IRB Group said the transaction forms part of its broader capital recycling strategy aimed at expanding its infrastructure asset base to INR 1.4 lakh crore by 2029.
IRB Infrastructure Trust has proposed the transfer of two operational build-operate-transfer (BOT) highway assets to IRB InvIT Fund in a transaction valued at approximately INR 4,663 crore, as the infrastructure group continues its asset monetisation and capital recycling strategy. Advertisement
The non-binding offer was approved by the board of directors of the investment manager of IRB Infrastructure Trust during a meeting held in the past week. According to the company, the proposed transaction involves the Solapur-Yedeshi NH211 highway asset in Maharashtra and the Chittorgarh-Gulabpura NH79 project in Rajasthan. Together, the two projects account for 1,144 lane kilometres of operational highway infrastructure.
The company stated that the enterprise value of the assets was assessed by an independent valuer as of March 31, 2026. As per the disclosed estimates, the Solapur-Yedeshi NH211 asset has an approximate valuation of INR 2,354 crore, while the Chittorgarh-Gulabpura NH79 asset is valued at nearly INR 2,309 crore.
Virendra D. Mhaiskar, Chairman and Managing Director of IRB Infrastructure Group, stated that the proposed transfer would support long-term growth objectives for both the private and public InvIT platforms. He noted that the transaction follows the recent transfer of three BOT assets from IRB Infrastructure Trust and one hybrid annuity model (HAM) asset from IRB Infra to the listed InvIT platform.
According to the company, the proceeds generated from the proposed asset transfer will be deployed towards future infrastructure opportunities, including new highway development projects. IRB InvIT Fund, meanwhile, is expected to benefit from additional revenue-generating assets, a longer weighted average concession life and incremental toll revenue streams.
The proposed transaction has been initiated under the Right of First Offer (ROFO) mechanism available to IRB InvIT Fund and remains subject to regulatory approvals and execution of definitive agreements.
The development forms part of the broader infrastructure monetisation strategy being pursued by the IRB Group through its “Bid, Execute, Stabilise and Transfer” model, under which mature operational assets are transferred to the public InvIT platform to release capital for new projects. The company stated that it is targeting an infrastructure asset base of INR 1.4 lakh crore by 2029 through continued expansion across BOT and toll-operate-transfer projects.
Source - PTI
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