NewsData.io23 Sept 2026, 5:23 am ISTDelayed
IRB Infra to transfer two highway assets for Rs 2,744 crore
What happened
- IRB Infrastructure Developers signed an agreement to transfer two highway subsidiaries to the IRB InvIT Fund.
- The deal is valued at Rs 2,744 crore and is expected to be completed by September 2026.
Key terms explained
Financial terms from this story, in everyday words.
- InvIT (Infrastructure Investment Trust)
- A trust that owns and manages infrastructure assets, allowing investors to earn income from them.
Original source
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