Promoter of IRB Infrastructure buys 1.29% stake in IRB InvIT Fund

Mumbai, 18^th September 2018: The Promoter of IRB Infrastructure Developers Limited, has bought 75 lakhs units in the IRB InvIT at Rs.75.60 per unit; thus, approximately investing Rs.57 Crores and acquiring a stake of 1.29%.

With this the Mr. Mhaiskar’s stake in the Trust will be 1.31%.

While commenting on the occasion, Mr. Tushar Kawedia, CFO, of IRB InvIT Fund said, “The IRB InvIT assets were owned by IRB Infrastructure till about a year back. This significant amount of personal investment by the Promoter of IRB Infrastructure echoes the confidence in quality of these assets. We are proud to be entrusted with such confidence of our Unitholders and will continue to strive to deliver robust performance and returns for them.”

The IRB InvIT Fund has given robust performance in the FY 2018:

· Net Distributable Cash Flow (NDCF) – Rs.655.44 Crores; more than 90%

· Annual Return on the Current Price of Rs.77 per unit amounts to more than 15%.

· Revenue – Rs1,005.16 Crores

· EBITDA – Rs.819.13 Crores

· Enterprise Value – Rs.7,560 Crores

· IRB InvIT has “AAA” Rating

The IRB InvIT Fund continues with its robust performance in the Q1 of FY 2019:

· Net Distributable Cash Flow (NDCF) – Rs. 177 Crores

· Total Distribution – Rs.3.05 P/U

· EBIDTA – Rs.250 Crores