The IRB Infrastructure and Developers board has approved the proposal to move three IRB Infrastructure Trust road assets to the IRB InvIT fund.
As stated in an exchange filing, the enterprise value of these three build-operate-transfer (BOT) assets, namely, IRB Hapur Moradabad Tollway, Kaithal Tollway, and Kishangarh Gulabpura Tollway, stand at Rs 84.50 billion.
Moreover, this move will help the company reach its three-year asset base target of Rs 1.4 trillion.