S&R Associates Advised IRB InvIT Fund On INR 10.05 Billion Preferential Issue Of Units

S&R Associates advised IRB InvIT Fund on INR 10.05 billion preferential issue of units

The Indian law firm, S&R Associates represented IRB InvIT Fund, a publicly listed infrastructure investment trust, in its INR 10.05 billion preferential issue of units to eligible investors. The proceeds from the preferential issue were used towards the acquisition of IRB Hapur Moradabad Tollway Limited, Kaithal Tollway Limited, and Kishangarh Gulabpura Tollway Limited, which operate and maintain toll roads in Uttar Pradesh, Haryana, and Rajasthan, by IRB InvIT Fund from IRB Infrastructure Trust.

The firm also assisted in obtaining the approval of the Competition Commission of India for the acquisition, ensuring compliance with applicable regulatory requirements and facilitating a smooth transaction process.

The S&R Associates team was led by Pratichi Mishra (Partner) and included Oshika Nayak (Associate), Shiv Kumar Sharma (Associate), and Advaita Kapoor (Associate). On competition law matters, the team included Simran Dhir (Head, Competition), Akshat Kulshrestha (Partner, Competition), and associates Prerana De, Sehaj Mahajan, and Ritik Mohapatra.

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