IRB InvIT Fund raises ₹3,248 cr through institutional placement
15 October 2025
IRB Infrastructure Developers–sponsored IRB InvIT Fund, India’s first listed infrastructure investment trust (InvIT), has raised ₹3,248.43 crore through an institutional placement — its first fundraising since the InvIT’s initial public offering in 2017.
Funds to be used for acquisition of three highway assets
The proceeds from the placement will partly fund the acquisition of three build-operate-transfer (BOT) highway assets — Hapur–Moradabad, Kaithal–Rajasthan Border, and Kishangarh–Gulabpura — from the IRB Infrastructure Trust, and for general corporate purposes.
IRB Infrastructure Trust is a private InvIT sponsored by IRB Infrastructure Developers.
After the acquisition, the InvIT’s portfolio will comprise nine operational highway assets — eight BOT projects and one hybrid annuity model (HAM) asset. The portfolio’s enterprise value will expand from ₹7,800 crore to over ₹16,000 crore, while the weighted average life of assets will rise from 14 years to 17 years.