India: IRB Infra investment trust to borrow $675m to fund asset purchases

India: IRB Infra investment trust to borrow $675m to fund asset purchases

Construction machinery at work.

IRB InvIT, the infrastructure investment trust floated by IRB Infra, will borrow an additional Rs4,500 crore to add to its roads portfolio from FY20 onwards. InvIT’s current assets under management stand at approximately Rs7,560 crore.

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