S&R Associates represented IRB Infrastructure Trust, an infrastructure investment trust which owns and operates road assets, in its INR 22.53 billion fast-track rights issue of 92 million units to eligible unitholders of the InvIT, including IRB Infrastructure Developers Limited (sponsor of the InvIT) and affiliates of GIC, and the InvIT’s investments in IRB Lalitpur Tollway, IRB Kota Tollway and IRB Gwalior Tollway, which operate and maintain toll roads in the Indian states of Uttar Pradesh, Rajasthan and Madhya Pradesh, respectively.
The S&R team was led by partner Pratichi Mishra, and included associates Dhanush Dinesh, Samyak Jain, Oshika Nayak, Shiv Kumar Sharma, Advaita Kapoor and Anushka Rungta.
For reference, please see the stock exchange announcements below in relation to the transaction:
https://www.irbinfratrust.co.in/home/wp-content/uploads/2024/03/IntimationAllotmentofUnitsTrust.pdf