IRB Infrastructure Drives Capital Recycling: VM7 Expressway Sold to IRB InvIT Fund

IRB Infrastructure Developers Ltd. has announced the sale of its entire stake in VM7 Expressway Private Limited to the IRB InvIT Fund, marking a strategic move to unlock capital for future growth. The transaction, approved by the board on December 1, 2025, includes the prepayment of senior debt and repayment of subordinate and unsecured loans, with a total consideration of ₹5,130 million. IRB will also act as the project manager for the VM7 project for up to 15 years, receiving an aggregate fixed consideration of ₹2,445.7 million.

 

IRB Infrastructure Developers Ltd. has entered into a share purchase agreement with the IRB InvIT Fund for the transfer of 100% equity shares of VM7 Expressway Private Limited. The VM7 project is an eight-lane access-controlled expressway from Gandeva to Ena in Gujarat, developed under the Hybrid Annuity Mode as part of the Bharatmala Pariyojana. The sale is subject to regulatory and third-party approvals, with the expected completion date set for February 28, 2026.

 

Notable Updates

Source: NSE Circular, IRB Infrastructure Developers Ltd. official announcement