{"id":281965,"date":"2026-10-01T09:30:23","date_gmt":"2026-10-01T04:00:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=281965"},"modified":"2026-10-01T09:30:23","modified_gmt":"2026-10-01T04:00:23","slug":"irb-invit-fund-lt-stake-block-deal","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/irb-invit-fund-lt-stake-block-deal\/","title":{"rendered":"L&T’s Four Entities Buy a Combined 4.33% Stake in IRB InvIT Fund for Rs 352 Crore"},"content":{"rendered":"

IRB InvIT Fund Rs 64.25, up 0.05% (1 Oct, 9:13 AM). L&T entities bought 4.33% for Rs 351.65 crore at Rs 63.18-63.36\/unit from Arvesta, Neo Treasury Plus. P\/E 20.57.<\/em><\/p>\n

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IRB InvIT Fund saw four Larsen & Toubro entities acquire a combined 4.33 percent stake for Rs 351.65 crore on Tuesday, buying 5.55 crore units at prices between Rs 63.18 and Rs 63.36 per unit. The units were sold by Arvesta Financial Services and Neo Treasury Plus Fund, both backed by the Neo Group, which together offloaded 5.55 crore units for a combined Rs 351.65 crore. L&T Welfare Company and L&T Employees Welfare Foundation each bought 1.58 crore units for Rs 100.66 crore, while L&T Technology Services bought 79.57 lakh units and LTM bought 1.58 crore units. The unit price was little changed at Rs 64.25, up 0.05 percent, suggesting the market read this as a routine portfolio transfer rather than a signal requiring a re-rating.<\/p>\n<\/div>\n

IRB InvIT Fund, an infrastructure investment trust that owns a portfolio of toll road assets, saw a large block deal on Tuesday in which four entities linked to Larsen & Toubro, India’s largest infrastructure and engineering company, acquired a combined 4.33 percent stake. L&T Welfare Company and L&T Employees Welfare Foundation each bought 1.58 crore units for Rs 100.66 crore at Rs 63.36 per unit, L&T Technology Services bought 79.57 lakh units for Rs 50.27 crore at Rs 63.18 per unit, and LTM picked up 1.58 crore units for Rs 100.05 crore at Rs 63.23 per unit.<\/p>\n

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On the other side, Neo Group-backed Arvesta Financial Services sold 3.65 crore units for Rs 231.31 crore and Neo Treasury Plus Fund offloaded 1.9 crore units for Rs 120.34 crore, both at around Rs 63.18 to 63.36 per unit. This article covers the deal, the InvIT’s live levels, and what it means for unitholders.<\/p>\n

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