Ferrovial's Cintra to Buy 24% Stake in IRB Infra InvIT from GIC

20 Mar 2024 CW Team

The acquisition of a significant stake in IRB Infra InvIT positions Cintra to benefit from the trust's portfolio of infrastructure assets, including toll roads and highways. With this investment, Cintra aims to leverage IRB Infra InvIT's robust asset base and steady cash flows to generate attractive returns for its investors.

The transaction marks a significant milestone for Cintra as it seeks to strengthen its foothold in India's infrastructure market, which offers immense growth potential driven by increasing urbanisation and government initiatives to enhance connectivity and mobility. By acquiring a stake in IRB Infra InvIT, Cintra gains exposure to a diversified portfolio of infrastructure assets with stable revenue streams.

Additionally, the investment aligns with Ferrovial's broader strategy of expanding its international footprint and diversifying its investment portfolio. India's infrastructure sector presents attractive opportunities for long-term investment, supported by favourable regulatory frameworks and growing infrastructure needs.

The acquisition of a stake in IRB Infra InvIT from GIC underscores Cintra's confidence in the long-term growth prospects of India's infrastructure market. It also reflects the company's commitment to partnering with established players like IRB Infrastructure Developers to capitalise on investment opportunities and create value for its stakeholders.

In conclusion, Cintra's decision to acquire a 24% stake in IRB Infra InvIT from GIC underscores its strategic focus on expanding its presence in India's infrastructure sector. With this investment, Cintra is well-positioned to leverage IRB Infra InvIT's assets and drive sustainable growth while contributing to India's infrastructure development agenda.

Cintra, a subsidiary of Ferrovial, has announced plans to acquire a 24% stake in IRB Infrastructure Developers' Infrastructure Investment Trust (InvIT) from GIC, Singapore's sovereign wealth fund. This strategic move underscores Cintra's commitment to expanding its presence in India's infrastructure sector and capitalising on lucrative investment opportunities. The acquisition of a significant stake in IRB Infra InvIT positions Cintra to benefit from the trust's portfolio of infrastructure assets, including toll roads and highways. With this investment, Cintra aims to leverage IRB Infra InvIT's robust asset base and steady cash flows to generate attractive returns for its investors. The transaction marks a significant milestone for Cintra as it seeks to strengthen its foothold in India's infrastructure market, which offers immense growth potential driven by increasing urbanisation and government initiatives to enhance connectivity and mobility. By acquiring a stake in IRB Infra InvIT, Cintra gains exposure to a diversified portfolio of infrastructure assets with stable revenue streams. Additionally, the investment aligns with Ferrovial's broader strategy of expanding its international footprint and diversifying its investment portfolio. India's infrastructure sector presents attractive opportunities for long-term investment, supported by favourable regulatory frameworks and growing infrastructure needs. The acquisition of a stake in IRB Infra InvIT from GIC underscores Cintra's confidence in the long-term growth prospects of India's infrastructure market. It also reflects the company's commitment to partnering with established players like IRB Infrastructure Developers to capitalise on investment opportunities and create value for its stakeholders. In conclusion, Cintra's decision to acquire a 24% stake in IRB Infra InvIT from GIC underscores its strategic focus on expanding its presence in India's infrastructure sector. With this investment, Cintra is well-positioned to leverage IRB Infra InvIT's assets and drive sustainable growth while contributing to India's infrastructure development agenda.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..