IRB Infrastructure Developers has received an approval for sale of IRB Pathankot Amritsar Toll Road (IPATRL) to the IRB InvIT Fund at an Enterprise Value of Rs 1,569.33 crore, arrived at pursuant to negotiations and the valuation and due diligence exercise conducted by and on behalf of the Investment Manager of the Trust. The InvIT Committee of the board of directors of the company at its meeting held on August 31, 2017 has approved for the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
