IRB InvIT Fund completed the acquisition of three highway assets of IRB Infrastructure Trust for INR84.36bn.

IRB InvIT Fund, an Indian infrastructure investment trust, completed the acquisition of three highway assets of IRB Infrastructure Trust, an Indian infrastructure investment trust that owns and operates a portfolio of toll road and highway assets, for INR84.36bn. "With conclusion of this deal, our InvIT platform has proven its worth as a transparent and scalable vehicle for long-term infrastructure investment. With the win-win situation achieved out of this deal, now both InvITs are well positioned to enhance their respective project portfolios, strengthen distributions, and create sustainable value for its Unitholders," Virendra D. Mhaiskar, IRB Infrastructure Trust Chairman and Managing Director.