IRBIT

June 16 (Reuters) - IRB Infrastructure Trust IRBF.NS:

• BOARD OF INVESTMENT MANAGER APPROVED RAISING DEBT UP TO 125 BILLION RUPEES BY TRUST

• RAISING DEBT PRIMARILY FOR REFINANCING THE EXISTING PROJECT LOANS

Further company coverage: IRBF.NS

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April 29 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• SPV FOR GANGA EXPRESSWAY (GROUP 1) PROJECT TO START TRIAL RUN TRAFFIC OPERATIONS

Further company coverage: IRBF.NS

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April 9 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• GROSS TOLL REVENUE FOR MARCH 2026 INCREASES ABOUT 33% YEAR-ON-YEAR

Source text: ID:nNSE7Rt85h

Further company coverage: IRBF.NS

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Jan 7 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• CO'S PROJECT SPVS GROSS TOLL REVENUE FOR DECEMBER 2025 UP 15% YOY

Source text: ID:nNSE6rsf8X

Further company coverage: IRBF.NS

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Jan 6 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• IRB INFRASTRUCTURE TRUST - SELECTED AS BIDDER BY NHAI

• IRB INFRASTRUCTURE TRUST -TRUST TO PAY 30.87 BILLION RUPEES FOR 20-YEAR CONCESSION

Source text: ID:nNSE8N8CCk

Further company coverage: IRBF.NS

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Dec 30 (Reuters) - IRB Infrastructure Trust IRBF.NS:

• INVESTMENT INTO IRB HARIHARA CORRIDORS FOR TOT-17 PROJECT

• AVAILING BORROWINGS UP TO 72 BILLION RUPEES IN TERM LOANS

• INVESTMENT IN IRB HARIHARA UP TO 36 BILLION RUPEES

Source text: ID:nNSE8GbLVk

Further company coverage: IRBF.NS

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, July 24 (Reuters) - Three Indian infrastructure investment trusts, including the National Highways Infrastructure Trust, are planning to raise up to 43 billion rupees ($499 million) through corporate bonds in the coming weeks, three sources familiar with the matter said.

NHIT is in talks with merchant bankers and investors to raise around 15 billion rupees through three-year bonds, the sources, who did not want to be named because the discussions are private, said.

Cube Highways Trust CUBH.NS is likely to tap the market for about 10 billion rupees in debt, with maturities ranging between three and five years.

Meanwhile, IRB Infrastructure Trust IRBF.NS is preparing for its debut bond issuance, targeting roughly 18 billion rupees through a dual-tranche offering with five and 10-year tenors.

None of the infrastructure investment trusts, or InvITs, responded to Reuters emails seeking comment.

InvITs typically raise capital through a combination of units and bonds.

Bond issuances have gained traction in recent months amid falling yields. According to Prime Database, InvITs and real estate investment trusts (REITs) together raised more than 178 billion rupees in the January–June period.

All three InvITs are in discussions with investors, including the International Finance Corporation, which has previously invested in debt issued by several InvITs, including Cube Highways, according to a termsheet from an earlier offering.

NHIT last tapped the bond market in January, while Cube Highways raised funds through bonds in April.

Insurance firms and pension funds participated in NHIT's previous bond offering, and the sources said they expect mutual funds to show interest this time, given that the tenor aligns with their investment horizon.

($1 = 86.3825 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

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Dec 9 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• APPROVED ISSUE OF UNITS AGGREGATING UP TO 17.15 BILLION RUPEES

Source text: ID:nNSE69pysS

Further company coverage: IRBF.NS

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** Nifty infrastructure index .NIFTYINFR extends losses after India budget retains capex outlay

** NIFTYINFR sheds 0.5%, before budget was down 0.2%

** India government retains capex outlay on Tuesday's budget from interim budget announced in Feb 2024

** Infrastructure was widely expected to be among key focus of this budget

** Expected infra focus spurred hopes that capex will be raised, said Kranthi Bathini, Wealthmills Securities

** Construction bellwether Larsen and Toubro LART.NS fall 2.2%

** Wagon makers Titagarh Rail Systems TITG.NS and Texmaco TEXA.NS fall 1.8% and 2.1%

** Road makers Dilip Buildcon DIBL.NS and IRB Infrastructure Developers IRBI.NS down ~1% each

(Reporting by Hritam Mukherjee in Bengaluru)

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April 8 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• TOLL COLLECTION INCREASES 40% ON Y/Y BASIS FOR MARCH

Source text for Eikon: ID:nNSE32kL3w

Further company coverage: IRBF.NS

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Adds detail on IRB Infrastructure Trust in paragraph 3, detail from filing in paragraphs 5 and 6

March 14 (Reuters) - Spanish construction giant Ferrovial FERF.AS said on Thursday it will buy a 24% stake in IRB Infrastructure Trust, an investment vehicle that holds a portfolio of 12 toll road concessions in India, for 740 million euros (about $810 million).

The group will acquire this stake from affiliates of Singapore's sovereign fund GIC, which currently owns a 49% stake in IRB Infrastructure Trust, Ferrovial said in a filing to Spanish stock market regulator CNMV.

IRB Infrastructure Trust has a pipeline of three additional concessions in a country that is expanding its highways and plans to invest around 240 billion euros in roads until 2025, Ferrovial said, citing a report by India's Department of Economic Affairs.

The transaction is expected to close by the end of April, subject to regulatory approvals.

Ferrovial said the deal completes its investment in the Indian market after reaching its internal size target.

The Spanish group, which manages highways in North America and Europe, also holds a 24.86% stake in IRB Infrastructure Developers, an Indian infrastructure company that is one the country's largest toll road developers.

GIC's affiliates will retain a 25% stake in IRB Infrastructure Trust and IRB Infrastructure Developers will keep its current 51% stake, it said.

($1 = 0.9140 euros)

(Reporting by Matteo Allievi and Corina Pons, editing by David Latona and Savio D'Souza)

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March 5 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• IRB INFRASTRUCTURE TRUST - APPROVED ISSUE OF UNITS AGGREGATING UP TO 22.53 BILLION RUPEES VIA FAST-TRACK RIGHTS ISSUE

Source text for Eikon: ID:nNSE7B04TM

Further company coverage: IRBF.NS

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Jan 12 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• APPROVED INVESTMENT INTO IRB LALITPUR TOLLWAY

• APPROVED ACQUIRING MEERUT BUDAUN EXPRESSWAY FOR DEVELOPING ACCESS CONTROLLED SIX LANE GREENFIELD GANGA EXPRESSWAY

• MEERUT BUDAUN EXPRESSWAY PROJECT COST AT 65.38 BILLION RUPEES

• IRB LALITPUR TOLLWAY PROJECT COST AT 31.49 BILLION RUPEES

• APPROVED INVESTMENT INTO IRB KOTA TOLLWAY AT PROJECT COST OF 17.32 BILLION RUPEES

Source text for Eikon: ID:nNSE9LWCqc

Further company coverage: IRBF.NS

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Jan 8 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• IRB INFRASTRUCTURE TRUST - TOLL REVENUE FOR DECEMBER 2023 OF PROJECT SPVS OF CO AT 2.64 BILLION RUPEES VERSUS 1.96 BILLION RUPEES YEAR AGO

Source text for Eikon: ID:nNSE7BSKtT

Further company coverage: IRBF.NS

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Oct 27 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• EMERGED AS PREFERRED BIDDER FOR PROJECT IN UTTAR PRADESH AND MADHYA PRADESH

• TRUST TO PAY UPFRONT CONCESSION FEE OF 44.28 BILLION RUPEES TO NHAI FOR REVENUE-LINKED CONCESSION PERIOD OF 20 YEARS

Source text for Eikon: ID:nNSE1Mf12c

Further company coverage: IRBF.NS

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Aug 30 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• IRB INFRASTRUCTURE TRUST - APPROVED RAISING DEBT OF UP TO 63.9 BILLION RUPEES BY THE TRUST

• IRB INFRASTRUCTURE TRUST - APPROVED RAISING DEBT FOR PURPOSE OF REFINANCING EXISTING PROJECT LOANS OF 5 PROJECT SPVS OF IRB INFRASTRUCTURE TRUST

Source text for Eikon: ID:nNSE1Xy5Bf

Further company coverage: IRBF.NS

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Aug 14 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• TOLL COLLECTION INCREASES ABOUT 10%, Y/Y IN JULY

Source text for Eikon: ID:nNSE4BJChl

Further company coverage: IRBF.NS

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July 27 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• FIXES ISSUE PRICE FOR RIGHTS ISSUE OF UNITS AS 200.98 RUPEES PER UNIT

• FIXES RATIO FOR RIGHTS ISSUE AT 1:6

Source text for Eikon: ID:nNSE6fLmrQ

Further company coverage: IRBF.NS

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July 19 (Reuters) - Irb Infrastructure Trust IRBF.NS:

• APPROVED ISSUE OF UNITS AGGREGATING UP TO 28.62 BILLION RUPEES BY WAY OF RIGHTS ISSUE

Source text for Eikon: ID:nNSE5jlLGm

Further company coverage: IRBF.NS

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