The IRB InvIT Fund’s board on Thursday will consider the acquisition of IRB Pathankot Amritsar Toll Road, a special purpose vehicle to implement the 102.4-km expansion of the Pathankot-Amritsar road (NH-15). It will be on design, build, finance, operate and transfer basis, under a 20-year concession.
Investors will keep an eye on the deal, as the SPV has an enterprise value of around ₹1,550 crore and debt of around ₹920 crore.