L&T's InvIT closes acquisition of Rs 8,270 crore roads from Brookfield
The acquisition of the fifth road project - Gorakhpur Infrastructure Company Private Limited - is pending the receipt of requisite regulatory approvals16-06-2023
16-06-2023
IRB InvIT Fund - 540526 - Toll Revenue For May 2023 Of The Project Spvs Of IRB Invit Fund
Project-wise toll revenue for the Month of May 2023 of the Project SPVs of IRB InvIT Fund.08-06-2023
Sebi offers rights to unitholders of REITs, InvITs for corporate governance
With an aim to strengthen governance norms, markets regulator Sebi on Tuesday proposed special rights to unitholders of REITs and InvITs by providing the right to nominate representative on the boards. Also, the regulator has suggested the concept of self-sponsored real estate investment trust (REIT) or infrastructure investment trust ( InvIT), according to a consultation paper. In addition, Sebi has proposed that principles of stewardship code should be applicable to members, nominated by the unitholders, on the board of directors of investment manager of REIT and InvIT. The proposed move would empower unitholders of REITs and InvITs to monitor their investment in REIT/InvIT and assist in decision making. The Securities and Exchange Board of India (Sebi) has sought public comments on the proposals till May 29. REITs and InvITs were introduced in India to provide investors with an opportunity to gain exposure to real estate and infrastructure projects respectively, with...16-05-2023
IRB InvIT Fund - 540526 - Valuation Report & Toll Revenue And O & M Cost Projection Report For The Financial Year Ended March 31, 2023
Valuation Report dated May 8, 2023, as issued by the Valuer, i.e. Mr. S Sundararaman (IBBI Registration Number IBBI/RV/06/2018/10238) for the financial year ended March 31, 2023 & Toll Revenue and O & M Cost Projection Report issued by M/s GMD Consultants, Technical Consultant, for each Project SPV.15-05-2023
IL&FS transfers Pune Sholapur Road asset to Invit at enterprise value of 2,000 cr
With this transfer, secured lenders of this asset will get full recovery of their dues under the Invit structure while the group lenders will be issued Invit units as settlements for their loans,' IL&FS said14-05-2023
Global PE major KKR sells RE InvIT Virescent to IndiGrid for Rs 4,000 cr
The transaction will involve IndiGrid taking over all of VRET's 16 project special purpose vehicles, and Virescent will get delisted and dissolved, said executives13-05-2023
IRB InvIT Fund - 540526 - Toll Revenue For April 2023 Of The Project Spvs Of IRB Invit Fund
Project-wise toll revenue for the Month of April 2023 of the Project SPVs of IRB InvIT Fund.09-05-2023
IRB InvIT Fund's profit jumps over 13% to 401 crore in FY23
IRB InvIT Fund's total income stood at 577 crore in FY23 against 547 crore in FY2208-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for IRB InvIT Fund
REITS-INVITS company IRB InvIT Fund announced Q4FY23 & FY23 results: IRB InvIT to distribute Rs 116 crore at Rs 2 per unit for Q4FY23 Aggregate distribution for FY23 is Rs 467 crore, at Rs 8.05 per unit Cumulative distribution since IPO crosses 57% to Rs 3,387 crore Good recovery in revenue over FY22 despite the completion of 2 concessions The first HAM project added to the portfolio FY23 toll revenue rises 26% YoY Electronic toll collection is now ~ 95% While commenting on the occasion, the Spokesperson, IRB Infrastructure, said, “The InvIT has well managed to continue with this distribution, despite certain odds like handing over two concessions due to completion. 26% rise in toll collection across all assets despite these odds, along with FASTag toll collection of around 95% is noteworthy. Adding a HAM Asset, the first one for the Trust, which would ensure consistent periodic revenue inflow, is another feather in the crown.” He further added, “Trust will continue to explore opportunities to acquire assets.” Result PDF08-05-2023