News

August 07, 2019

S&R Associates represented IRB Infrastructure Developers Limited


[ by Legal Era News Network ]

Infrastructure-Developers

S&R Associates represented IRB Infrastructure Developers Limited (“IRB”), one of India’s largest private roads and highways infrastructure developers, in investments of up to Rs. 440 billion in its roads platform by affiliates of GIC, Singapore’s sovereign wealth fund. As part of the transaction, IRB will transfer 9 of its road assets to a newly-created private Infrastructure Investment Trust (“InvIT”) under SEBI regulations, in which IRB will hold 51% and GIC affiliates will hold 49% of its units. GIC will also hold 49% in the InvIT’s investment manager and IRB will be its project manager. The transaction is subject to regulatory approvals, lender consents and other applicable approvals.

The S&R team is led by partners Sandip Bhagat and Sudip Mahapatra, and includes associates Pratichi Mishra, Akshaya Iyer, Sushmita Sur and Soumalya Saha.

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