"Trilegal Advises IRB InvIT Fund on ₹3,248.43 Crore Qualified Institutional Placement"

"Trilegal has served as legal counsel for IRB InvIT Fund and IRB Infrastructure Private Limited in a significant qualified institutional placement (QIP) totaling ₹3,248.43 crore, marking the largest of its kind in the fiscal year 2026. The funds raised will partially finance the acquisition of target special purpose vehicles (SPVs) from IRB Infrastructure Trust, as well as support shareholder loans and other corporate purposes. As of June 30, 2025, IRB InvIT Fund manages a portfolio of 2,421 lane kilometers across six operational road projects in various Indian states."

**Law Firms Involved in the Transaction:** Trilegal acted as legal counsel to IRB InvIT Fund and IRB Infrastructure Private Limited in a significant financial transaction. **Transaction Overview:** The transaction involved the largest qualified institutional placement (QIP) of units by an InvIT in the year-to-date Fiscal 2026, amounting to ₹3,248.43 crore. The proceeds from this QIP are intended to partially fund the acquisition of Target Special Purpose Vehicles (SPVs) from IRB Infrastructure Trust. This includes providing shareholder loans to the Target SPVs for the repayment or prepayment of outstanding subordinated debt and unsecured loans, as well as for other general corporate purposes. **Legal Team:** The transaction team from Trilegal was led by Abhinav Maker (Partner), with support from Associates Mrinal Kumar, Kalyan Reddy, Varda Saxena, and K. Prashant Agrawal, along with Trainee Associate Revant Gupta.

"Trilegal Advises IRB InvIT Fund on ₹3,248.43 Crore Qualified Institutional Placement"

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