GIC Private Rs44 billion investment in IRB Infrastructure Developers

8/8/2019

Financial investment

Value:

Re 44 billion

Dollar value:

$ 624.151 million

Status:

Announced

Date:

8/8/2019

Overview:

Sovereign wealth fund GIC Private is set to invest Rs44 billion in road developer IRB Infrastructure Developers in one of the largest Indian road deals.
IRB will also transfer 9 BOT assets into a private infrastructure investment trust in which it will hold a controlling stake.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Financial investment

Practice area:

Private equity

Industry sector:

Transport

Firms:

Nishith Desai Associates

Party: GIC Private (Investor)

S&R Associates

Party: IRB Infrastructure Developers (Investment target)

Lawyer: Sandip Bhagat

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