IRB InvIT Fund Acquires Gandeva Ena HAM Assets Worth Rs 1,200 Crore

• IRB Infrastructure and Developers (IRB) has completed the acquisition of Gandeva Ena (VM7) HAM highway assets.
• The acquisition, valued at approximately Rs 1,200 crore, was made through the company-sponsored IRB InvIT Fund.
• These assets are part of the upcoming New Delhi Greenfield Expressway.
• The acquisition expands IRB InvIT Fund's operational portfolio to 10 highway assets, including 8 BOT and 2 HAM assets, totaling 4,445 lane kilometres.
• The move is expected to enhance distributable cash flow and dividend payouts for unitholders, funded through debt to optimize capital structure.

Why It Matters: IRB InvIT Fund strengthens its portfolio by acquiring Gandeva Ena HAM assets, boosting future returns.