The board on Friday approved a proposal to transfer three road assets of to .
The three BOT (build-operate-transfer) assets — IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway — have an enterprise value of ₹8,450 crore, IRB Infrastructure and Developers said in an exchange filing.
“Further to the non-binding offer exchanged on 8th May 2025, IRB Infrastructure Trust and IRB InvIT Fund have now executed a binding term sheet to transfer three BOT Highway Assets from former to later,” it said.
Virendra D Mhaiskar, Chairman & Managing Director of the company, said, “The company and IRB Infrastructure Trust can leverage deal proceeds to fund future sector opportunities almost 2x the size of assets being transferred.” He added that this development propels the company towards its goal of achieving ₹1,40,000 crore asset base in three years.
IRB is India’s first integrated infrastructure player in the highways segment. It is the country’s largest integrated private toll roads and highways infrastructure developer with an asset base of over ₹80,000 crore in 12 states.