IRB Infrastructure Developers Limited announced the execution of a binding term sheet by IRB Infrastructure Trust (Private InvIT) to transfer two premium Build-Operate-Transfer (BOT) highway assets to IRB InvIT Fund, valuing the transaction at Rs 4,605 crore.
The Board of Directors of the Investment Managers of both entities approved the deal during separate meetings held on July 2, 2026, marking the definitive agreement following the earlier non-binding offer dated May 14, 2026. The transaction transfers 100% of equity share capital of Solapur Yedeshi Tollway Limited and CG Tollway Limited to IRB InvIT Fund subject to receipt of relevant approvals.
The agreement will increase Company's operation and maintenance (O&M) order book by approximately Rs 2,400 crore as IRB continues to serve as the Project Manager for the two transferred BOT projects. The sale proceeds of Rs 2,744 crore will be re-deployed towards asset addition of approximately Rs 8,000 crore, supporting the Company's capital recycling strategy.
The binding term sheet for transfer of the two BOT assets has been entered into on July 2, 2026, with an indicative completion date of September 30, 2026 and a long stop date of December 31, 2026. This represents another successful iteration of IRB's B.E.S.T. (Bid, Execute, Stabilize, Transfer) strategy, advancing progress toward the goal of building an asset base of Rs 1,40,000 crore over the next three to four years.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.