IRB InvIT Fund announces Rs 116 crore dividend

9 May 2023 , 08:17 AM

The first listed infrastructure investment trust in India, IRB InvIT Fund, announced the distribution of Rs 116 crore of dividend , or Rs 2.00 per unit, for Q4FY23. This brings the total dividend for the full FY23 to Rs 467 crore, or Rs 8.05 per unit.

This ongoing performance strength is a result of strong toll revenue growth, which has persisted even after the successful completion of concessions and the transfer of two BOT assets.

The interest component of the per-unit dividend for FY23 is Rs5.90 and the return of capital component is Rs2.15. With this, the Trust’s total distribution since its IPO in 2017 has increased to Rs3,387 Cr., or 57% of the total amount raised.

The financial results of the IRB InvIT Fund for the most recent quarter and the entire FY23 were released by the Board of IRB Infrastructure Pvt. Ltd. On Monday.

In October 2023, the Trust purchased the Vadodara Kim Project from the Sponsors, the first length of the coveted Delhi Mumbai 8 Lanes Greenfield Motorway to attain COD.

According to the 2014 SEBI Infrastructure Investment Trust Regulations, IRB InvIT Fund is a trust established by its sponsor, IRB Infrastructure Developers Ltd.

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