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The promoter of IRB Infrastructure Developers has bought 75 lakh units (or 1.29 per cent) in IRB InvIT at ₹75.60 a unit for approximately ₹57 crore. Following the acquisition, the promoter’s stake in the InvIT increased to 1.31 per cent. IRB InvIT Fund, the Trust settled by its sponsor IRB Infrastructure Developers, has reported a net distributable cash flow of ₹177 crore in the first quarter of FY19, a total distribution of ₹3.05 per unit and an EBIDTA of ₹250 crore.
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