IRB InvIT Fund on Friday said it is set to acquire Vadodara Kim Expressway hybrid annuity model (HAM) project in Gujarat from its sponsors IRB Infrastructure Developers Limited at an equity value of Rs 342 crore. IRB InvIT Fund in a statement said the project is part of upcoming Delhi-Mumbai eight lane greenfield expressway.
The acquisition is subject to necessary compliances and approvals, and is expected to be completed by October 2022-end, it added.
