IRB Infrastructure Developers: Update Regarding IRB Infrastructure Trust

We hereby inform you that IRB Infrastructure Trust (the Trust) - Associate of the Company has successfully completed fund raising by way of Rights Issue of Units amounting to Rs. 242.50 Crores from existing unitholders. The Company being the Sponsor and 51% unitholder of the Private InvIT invested Rs. 123.68 Crores and GIC Affiliates holding 49% units have invested Rs. 118.82 Crores. Post the rights issue the Company will continue to hold 51% units and GIC affiliates will continue to hold 49% units in the Trust.Further in continuation of our earlier disclosure dated March 29 2022 please note that the Company being the Sponsor of the Trust has executed necessary Agreement/ documents for implementation of Palsit Dankuni Tollway Private Limited (PDTPL) by the Trust and accordingly the Project will be executed by the Company and its Associate - IRB Infrastructure Trust.