GIC may invest Rs. 1,500 crore in IRB InvIT to fund Hyderabad Ring Road project buy.

Singapore's sovereign wealth fund GIC is evaluating an investment of ₹1,500 crore into IRB Infrastructure Trust, an infrastructure investment trust (InvIT) sponsored by construction firm IRB Infrastructure Developers, said two people aware of the development. GIC is an existing shareholder of IRB Infrastructure Trust.

The proposed investment will be used to fund the acquisition of the Hyderabad Outer Ring Road (ORR) project, which the IRB group successfully.

ET