GIC Rs44 billion investment in IRB Infrastructure Developers' road platform

11/3/2020
Financial investment

Re 44 billion

$ 593.015 million

Completed

11/3/2020


Overview:

  • Sovereign wealth fund GIC has invested Rs44 billion in nine build operate transfer (BOT) assets of road developer IRB Infrastructure Developers' road assets.
  • IRB will transfer the assets to a private infrastructure investment trust (InvIT), of which it will hold a 51% stake.
  • This marks the largest investment in India's road and highways sector to date.

Shah Shameer Ahmed - Researcher

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