IRB Infra planning to transfer Rs 2,500 cr assets to public InvIT

Mumbai: IRB Infrastructure Developers NSE 9.92 % is planning to transfer assets worth ₹2,500 crore to a public infrastructure investment trust – InvIT – by the end of this fiscal year, its top executive said.

The InvIT will help the highway infrastructure developer unlock capital deployed in these projects, said chairman and managing director Virendra D Mhaiskar.