NEW DELHI : IRB Infrastructure Developers on Sunday said it has received a no objection certificate from the NHAI for transfer of nine BOT (build-operate-transfer) assets to IRB Infrastructure Trust and subsequent investment by GIC affiliates for 49 per cent stake in the Trust.
In a filing to the BSE, the company said it has “received NOC from NHAI for transfer of nine of IRB Infrastructure Developers Ltd BOT assets to IRB Infrastructure Trust…”
“SEBI has already granted the Certificate of Registration…to the Trust to which the company is a Sponsor, to carry out the activities as an InVIT, subject to the conditions specified in the SEBI Act, 1992 and the Regulations made thereunder.
