IRB InvIT’s Q4 distribution stands at Rs. 2.60 per unit; FY22 aggregate distribution at Rs. 9.00 per unit
Mumbai, May 10, 2022:IRB InvIT, India’s first listed Infrastructure Investment Trust will distribute Rs. 151 Crores to the Unit Holders of the Fund;thus, translating into a payout of Rs.2.60 per unit for Q4FY22.
With this, the yearly distribution for FY22is Rs.9.00 per unit, which includes Rs. 4.80 per unit as Interest component and Rs. 4.20 per unit as Return of Capital.
The InvIT has managed to continue with this distribution despite affected toll collection during the first quarter of current financial year due to the partial lockdown in some parts of the Country due to COVID-19 pandemic and suspension of toll collection on one of the assets, i.e., Pathankot Amritsar BOT Project due to the Farmers’ Agitation.
The Board of IRB Infrastructure Pvt. Ltd., an Investment Manager to the IRB InvIT Fund, today announced the financial results of IRB InvIT Fund for the last quarter and entire FY22, in an online Board Meeting held today.
While commenting on the occasion, the Spokesperson, IRB Infrastructure Pvt. Ltd. said, “With the tough phase of pandemic primarily behind us, we have seen a robust bounce back and growth across almost all the assets. It was really encouraging to see the Pathankot Amritsar BOT Asset re-commencing the toll collection at better than expected collections, post calling off the Farmers’ stir in the region.” He further added, “We are in active dialogue with our Sponsor – IRB Infra – for evaluation of likely acquisition opportunities and basis further clarity and approach presented – will be soon reaching out to our esteemed unitholders on way forward. Further, backed by a surging economy, we look forward to a stronger FY23.”