IRB InvIT Fund , a prominent infrastructure investment trust, has taken a significant step forward in its proposed acquisition of three toll road assets. The company has filed a notification with the Competition Commission of India (CCI) under Section 6(2) of the Competition Act, 2002, marking a crucial milestone in the transaction process.

Acquisition Details

The notification pertains to IRB InvIT Fund's proposed acquisition of three key toll road assets:

1. IRB Hapur Moradabad Tollway Limited
2. Kaithal Tollway Limited
3. Kishangarh Gulabpura Tollway Limited

These assets are currently owned by IRB Infrastructure Trust, and their acquisition aligns with IRB InvIT Fund's strategy to expand its portfolio of infrastructure assets.

Transaction Progress

The CCI notification follows a series of previous approvals and actions taken by IRB InvIT Fund:

• Fund raising approval
• Unitholder approval for the acquisition
• Signing of a binding term sheet

These steps indicate the company's commitment to completing the transaction and suggest a well-structured approach to the acquisition process.

Regulatory Compliance

According to the LODR (Listing Obligations and Disclosure Requirements) data, IRB Infrastructure Private Limited, the Investment Manager to IRB InvIT Fund, has been diligent in keeping stakeholders informed about the progress of this transaction. The company has made several disclosures to the stock exchanges:

These disclosures demonstrate the company's adherence to regulatory requirements and transparency in its operations.

Market Implications

This acquisition, once completed, is expected to strengthen IRB InvIT Fund's position in the infrastructure sector, particularly in the toll road segment. The addition of these three assets to its portfolio could potentially enhance the fund's revenue streams and provide unitholders with increased exposure to India's growing road infrastructure.

As the transaction progresses through regulatory channels, investors and market watchers will likely keep a close eye on further developments and their potential impact on IRB InvIT Fund's performance and valuation.

The completion of this acquisition remains subject to necessary regulatory approvals, including clearance from the Competition Commission of India.

IRB InvIT Fund , a prominent infrastructure investment trust, has announced a robust 6% year-on-year increase in its gross toll revenue for July 2025. The fund reported total revenue of ₹893.00 crore across its five project Special Purpose Vehicles (SPVs), up from ₹844.00 crore in July 2024.

Project-wise Performance

The fund's portfolio of five project SPVs showed varied performance:

Key Highlights

• Top Performer: IRB Tumkur Chitradurga Tollway Limited emerged as the standout performer, contributing the highest revenue of ₹396.00 crore, a significant increase from ₹349.00 crore in the previous year.

• Growth Trend: Four out of five project SPVs demonstrated year-on-year growth, indicating a positive trend in toll collections across most of the fund's assets.

• Marginal Decline: M.V.R. Infrastructure & Tollways Limited was the only SPV to report a slight decline, with revenue decreasing from ₹147.00 crore to ₹144.00 crore.

Market Implications

The overall growth in toll revenue suggests a potential increase in traffic volume and economic activities along these highway stretches. This performance may be indicative of broader economic trends and infrastructure utilization in the regions where IRB InvIT Fund operates.

Investors and market analysts will likely view this revenue growth positively, as it demonstrates the fund's ability to generate increasing returns from its infrastructure assets. The consistent performance across multiple projects also underscores the diversification benefits of the InvIT structure.

As infrastructure development continues to be a key focus area for economic growth, the performance of entities like IRB InvIT Fund serves as an important indicator of the sector's health and potential for future investments.