Articles for tag: Crore, Debt, Earnings, Eliminate, Enhancing, External, Financial, Infrastructure, Investment, IRB, Liabilities, Mixed, Performance, Plans, Refinancing, Stability, Trust

IRB Infrastructure Investment Trust plans ₹2,667 crore debt refinancing to eliminate external liabilities, enhancing financial stability amid mixed earnings performance.

IRB Infrastructure Investment Trust (InVIT) is set to raise Rs 2,667 crore through term loans to refinance existing debt, aiming to eliminate external debt for its six Special Purpose Vehicles (SPVs). This move will extend the loan duration and lower financing costs. Currently, InVIT manages road assets across several states, including Karnataka and Rajasthan. Although ...