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IRB Infrastructure Developers announced the completed transfer of 100% equity in Solapur Yedeshi Tollway Limited and CG Tollway Limited from its private InvIT to its public InvIT.
IRB Infrastructure Trust, an associate, executed a share purchase agreement to sell 100% equity of SYTL and CGTL to IRB InvIT Fund for ₹2,744 crore.
IRB Infrastructure Developers is merging multiple subsidiaries into itself to simplify corporate structure and improve operational efficiency. No consideration is payable and no new shares issued.