
IRB Infrastructure Developers on May 14 announced that IRB Infrastructure Trust has issued a preliminary and non-binding offer to transfer two operational BOT highway assets to IRB InvIT Fund.
The proposed transaction involves two revenue-generating highway assets with a combined enterprise value of around ₹4,663 crore as of March 31, 2026, based on an independent valuation.
The assets proposed under the offer include the Solapur-Yedeshi NH211 project in Maharashtra and the Chittorgarh-Gulabpura NH79 project in Rajasthan.
Together, the two assets account for 1,144 lane kilometres and are currently operational and revenue-generating.
According to the company, the Solapur-Yedeshi project has an approximate enterprise value of ₹2,354 crore, while the Chittorgarh-Gulabpura asset is valued at around ₹2,309 crore.
The proposal has been issued by MMK Toll Road Private Limited, the investment manager to IRB Infrastructure Trust.
The company stated that the non-binding offer is subject to multiple approvals, including regulatory clearances, shareholder and unitholder approvals, third-party consents and the execution of definitive agreements.
As the proposal remains preliminary and non-binding, there is no certainty regarding the completion or timing of the transaction.
According to the company, the transaction aligns with the group’s B.E.S.T. (Bid, Execute, Stabilise, Transfer) strategy focused on recycling capital from mature infrastructure assets into new growth opportunities.
The company added that previous transfers from IRB Infrastructure Trust and IRB Infra to IRB InvIT Fund had a combined enterprise value exceeding ₹9,600 crore.
Following the proposed transfer, the enterprise value of IRB InvIT Fund could increase to around ₹23,000 crore, subject to approvals.
Shares of IRB Infrastructure Developers were trading marginally lower on May 15.
The stock traded at ₹20.38, down ₹0.01 or 0.05%, compared with the previous closing price of ₹20.39.
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IRB Infrastructure Trust has proposed the transfer of two BOT highway assets to IRB InvIT Fund through a non-binding offer valued at approximately ₹4,663 crore.
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Published on: May 15, 2026, 12:46 PM IST

Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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