The value of assets was assessed by an independent valuer as of March 31, 2026.
IRB Infrastructure Trust (Private InvIT), in a statement, said its Board of Directors of Investment Manager of IRB Infrastructure Trust approved the non-binding offer proposal in a meeting held on Thursday.
Non-binding offer is for Solapur Yedeshi NH211 (Maharashtra) and Chittorgarh Gulabpura NH79 (Rajasthan) BOT Assets, aggregating 1,144 Lane km, it added.
Its Chairman and Managing Director Virendra D Mhaiskar said, “Following the recent transfer of three BOT Assets from IRB Infrastructure Trust and one HAM Asset from IRB Infra, this transaction benefits both InvITs and reinforces their path to sustainable growth”.
“Subject to requisite clearances and approvals, IRB Infrastructure Trust will deploy the deal proceeds to fund future opportunities, while IRB InvIT Fund will gain an enhanced asset portfolio, a longer weighted average concession life, and incremental revenue from these assets.”
He further said the development brings “us closer to our goal of achieving an Rs 1,40,000 crore asset base by 2029”.