Eyes on IRB In­vIT’s ac­qui­si­tion of toll road

The Hindu Business Line - - FRONT PAGE -

The IRB In­vIT Fund’s board on Thurs­day will con­sider the ac­qui­si­tion of IRB Pathankot Am­rit­sar Toll Road, a spe­cial pur­pose ve­hi­cle to im­ple­ment the 102.4-km ex­pan­sion of the Pathankot-Am­rit­sar road (NH-15). It will be on de­sign, build, fi­nance, op­er­ate and trans­fer ba­sis, un­der a 20-year con­ces­sion. In­vestors will keep an eye on the deal, as the SPV has an enterprise value of around ₹1,550 crore and debt of around ₹920 crore.

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