IRB InvIT Fund declares Rs 174 crore payout

Mumbai based IRB Infrastructure, the investment manager of the IRB Infrastructure Investment Trust (InvIT) Fund declared distribution of Rs 174 crores to its unit holders translating into payout of Rs 3.00 per unit, on Wednesday for the third quarter of FY2018.

With this distribution, for FY2018, the total distribution reaches Rs 7.55 per unit; out of which Rs 5.45 per unit is interest and Rs 2.10 per unit is return of capital.

After the board meeting an IRB Infrastructure spokesperson said, “Q3 FY2018 marks the first full quarter of operations for all seven projects, and we are very pleased to report robust growth across the portfolio, which continues in January 2018 as well.”

The spokesperson added, “We have been able to demonstrate asset acquisition, debt-sourcing at best rates, stabilisation and most importantly cash-flow generation and distribution capability of IRB InvIT over the last eight months since listing and are well poised to continue such performance in coming years.”

The Trust has set February 2, 2018 as a record date for distribution and the distribution will be paid to the unit holders on or before 8th February 2018.

IRB InvIT Fund is the only InvIT in the road sector.