{"id":286434,"date":"2019-08-07T05:53:24","date_gmt":"2019-08-07T05:53:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286434"},"modified":"2019-08-07T05:53:24","modified_gmt":"2019-08-07T05:53:24","slug":"singapores-gic-to-invest-up-to-rs-4400-crore-in-irb-infra-road-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/singapores-gic-to-invest-up-to-rs-4400-crore-in-irb-infra-road-assets\/","title":{"rendered":"Singapore\u2019s GIC to invest up to Rs 4,400 crore in IRB Infra road assets"},"content":{"rendered":"<p>Affiliates of Singapore\u2019s sovereign wealth fund GIC will invest up to `4,400 crore in road assets of IRB Infrastructure Development. Nine of IRB\u2019s build-operate-transfer (BOT) assets will be transferred to a private infrastructure investment trust (InVIT) in which it will hold a 51% controlling stake, the company said in a press release.<\/p>\n<p>The net revenue of the portfolio in 2018-19 was around `630 crore and on completion of construction, the enterprise value of the portfolio is estimated at `22,500 crore, the release said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affiliates of Singapore\u2019s sovereign wealth fund GIC will invest up to `4,400 crore in road assets of IRB Infrastructure Development. Nine of IRB\u2019s build-operate-transfer (BOT) assets will be transferred to a private infrastructure investment trust (InVIT) in which it will hold a 51% controlling stake, the company said in a press release. The net revenue of the portfolio in 2018-19 was around `630 crore and on completion of construction, the enterprise value of the portfolio is estimated at `22,500 crore, the release said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-286434","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286434"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286434\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}