IRB InvIT
Fund Raises ₹2,351 Crore, Portfolio Reaches ₹23,000 Crore
Date: 29 September 2026
IRB InvIT
Fund, India’s first listed Infrastructure Investment Trust (InvIT),
has raised ₹2,351 crore through an institutional placement and
preferential allotment of units.
The fund-raise comprises
₹2,000 crore through institutional placement and ₹351 crore through
a preferential allotment of units to sponsor IRB Infrastructure Developers.
The Committee of Directors of the
investment manager, IRB Infrastructure, approved the allotment of units worth
₹2,000 crore through institutional placement. The preferential allotment
of units worth ₹351 crore was completed on 25 September 2026.
The proceeds will partly fund the
acquisition of two build-operate-transfer (BOT) highway assets from IRB
Infrastructure Trust and will also be used for general purposes.
With the addition of the two
assets, the fund's portfolio is expected to expand to 11 operational highway
projects, comprising nine BOT projects and two hybrid annuity model (HAM)
projects. The portfolio will cover 5,314 lane-km, with an enterprise value
exceeding ₹20,000 crore and a weighted average concession life of
approximately 17 years.
The fund-raise attracted
participation from domestic and international institutional investors,
including pension funds, insurance companies, mutual funds and family offices.
IRB Infrastructure Developers
invested ₹351 crore through the preferential issue to maintain its stake
in the fund at approximately 16 per cent.
Virendra D. Mhaiskar, Chairman
and Managing Director of IRB Infrastructure Developers, said the addition of
two assets had taken the public InvIT's portfolio
size to approximately ₹23,000 crore. The company also indicated plans to
expand the portfolio over the next two to three years.