IRB Trust Offers ₹4,663 Cr Assets to InvIT

IRB Infrastructure Trust made a preliminary non-binding offer to sell two BOT highway assets with a combined enterprise value of ₹4,663 crore to IRB InvIT Fund.
The assets comprise Solapur Yedeshi NH211 (₹2,354 crore) and Chittorgarh Gulabpura NH79 (₹2,309 crore), totaling 1,144 lane kilometers.
This transaction is part of IRB's B.E.S.T. capital recycling strategy and requires regulatory approvals and consents before completion.
If completed, the deal would increase IRB InvIT Fund's enterprise value to approximately ₹23,000 crore.