IRB Infrastructure Trust (IRB InvIT), a privately placed InvIT sponsored by highway developer IRB Infrastructure, on Monday listed itself with the National Stock Exchange (NSE), the trust announced.
The move came months after the Securities and Exchange Board of India’s (SEBI’s) guidelines for conversion of private unlisted InvITs into listed ones were issued.
“The valuation of the trust units was determined basis third party evaluation and further endorsed by Trusts’ investors as well. The value ascertained comes to around 16 times FY 24 revenue, which will further keep appreciating with more projects coming in,” the trust said.
