IRB Infrastructure Trust makes a non-binding offer for five road assets

IRB Infrastructure Trust, has made a non-binding offer to IRB InvIT to acquire five toll assets having an enterprise value of around Rs 150 billion. The proposed acquisition is subject to signing of definitive agreements and approvals. The exact value of acquisition will be determined post signing of definitive agreement. If the deal materialises, IRB plans to utilise the proceeds in upcoming opportunities under toll-operate-transfer (TOT) and build-operate-transfer (BOT) models.