S&R Associates Represents IRB Infrastructure Trust In ₹22.53 Billion Rights Issue
S&R Associates Represents IRB Infrastructure Trust In ₹22.53 Billion Rights Issue
In a significant development, S&R Associates has represented IRB Infrastructure Trust in a INR 22.53 billion fast-track rights issue of 92 million units to eligible unitholders of the InvIT (Infrastructure Investment Trust), including IRB Infrastructure Developers Limited and affiliates of GIC.
IRB Infrastructure Trust, known for its ownership and operation of road assets, embarked on this rights issue to augment its operations and broaden its investment portfolio. The focus of the Trust's investments primarily centered on key toll roads, namely IRB Lalitpur Tollway, IRB Kota Tollway, and IRB Gwalior Tollway. These toll roads play a pivotal role in the transportation infrastructure of Uttar Pradesh, Rajasthan, and Madhya Pradesh, respectively.
The legal representation for this landmark transaction was spearheaded by partner Pratichi Mishra, leading a dedicated team at S&R Associates. The team comprised esteemed associates including Dhanush Dinesh, Samyak Jain, Oshika Nayak, Shiv Kumar Sharma, Advaita Kapoor, and Anushka Rungta. Their collective expertise and strategic guidance ensured the seamless execution of the rights issue.
The successful completion of this transaction underscores S&R Associates' proficiency in handling intricate legal matters within the infrastructure sector. Through their diligent efforts and meticulous approach, S&R Associates facilitated a smooth and efficient process for IRB Infrastructure Trust, enabling it to achieve its strategic objectives and reinforce its presence in the market.
