IRB Infrastructure Investment Trust gets listed on NSE

5 Apr 2023 , 10:12 AM

IRB Infrastructure Trust, India’s first privately placed infrastructure investment trust, sponsored by IRB Infrastructure Developers Limited, the country’s largest highways infrastructure developer, and with investment from GIC Affiliates, the sovereign wealth fund of Singapore, made its debut on the National Stock Exchange, in compliance with SEBI InvIT Regulations mandating the listing of all infrastructure investment trusts.

This landmark event is expected to encourage other privately placed trusts to follow suit, providing greater opportunities for investment in India’s infrastructure sector. The trust’s valuation was determined by a third-party evaluation and approved by its investors. Its current valuation, based on projected revenue for FY24, is approximately 16 times higher. 

IRB Infrastructure Developers Limited, the trust’s sponsor, is a leading multinational infrastructure developer in India with an extensive portfolio of 23 highway projects, spanning approximately 16,000 lane kilometers, and a total enterprise value of Rs 62,000 crore.

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