IRB Infrastructure Private Limited (the “Investment Manager”), a wholly-owned subsidiary of the Company and the investment manager to the Trust, has filed a draft offer document dated September 07, 2016, in relation to an initial public offer of units (the “Units”) representing an undivided beneficial interest in the Trust, with the SEBI, the BSE Limited and the National Stock Exchange of India Limited, in accordance with the InvIT Regulations.
The initial public offer consists of a fresh issue of Units, aggregating up to Rs. 43,000 million, by the Trust (the “Fresh Issue”), and an offer for sale of Units by the Company and certain of its subsidiaries, namely Modern Road Makers Private Limited, Aryan Toll Road Private Limited, ATR Infrastructure Private Limited and Ideal Road Builders Private Limited (the “Offer for Sale”, and together with the Fresh Issue, the “Issue”). The Investment Manager, in consultation with the global co-ordinators and book running lead managers and the book running lead managers to the Issue, reserves the option to retain oversubscription of up to 25% of the Issue size in accordance with the InvIT Regulations. The Issue is being made in accordance with the InvIT Regulations and the circular no. CIR/IMD/DF/55/2016 dated May 11, 2016, as issued by SEBI.