IRB Infra’s Ganga Expressway Project

Pleased to announce that Avener Capital acted as an exclusive financial advisor to IRB INFRASTRUCTURE DEVELOPERS (I) LTD for investment by GIC Affiliates amounting to ~INR 1045 Crores (for a 49% stake) in IRB Infra’s Ganga Expressway Project (Pkg I – Meerut to Budaun). Avener Capital was also the exclusive financial advisor for achieving financial closure of this project by arranging debt of INR 2659 Crores with leading banks and institutions in record time of 3 months in June 2022.

This investment comes as a watershed moment for the #Roads / #Highways sector as this is one of the largest investments by a sovereign wealth fund in a greenfield road BOT project. This transaction reaffirms Avener Capital’s credentials as a pioneer in structuring breakthrough investment models in the infrastructure space.