IRB InvIT to distribute Rs. 3.00 per unit for Q3 FY18

IRB InvIT to distribute Rs. 3.00 per unit for Q3 FY18

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The Board of IRB Infrastructure Pvt. Ltd., Investment Manager of the IRB InvIT Fund met today to discuss the Financial Results of the IRB InvIT Fund for third quarter of FY 18 ended 31st December 2017 and has declared distribution of Rs. 174 Crores to its unit holders translating into payout of Rs.3.00 per unit.

With this distribution, for FY17-18, 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.

While commenting on the occasion, the Spokesperson, IRB Infrastructure Pvt. Ltd. said, “Q3FY18 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 Jan 2018 as well. He added, “We have been able to demonstrate asset acquisition, debt-sourcing at best rates, stabilization and most importantly cash-flow generation & distribution capability of IRB InvIT over the last 8 months since listing and are well poised to continue such performance in coming years.”