IRB InvIT, India's first listed Infrastructure Investment Trust has announced distribution of Rs. 2.20 per unit for Q2FY22 in a Board Meeting of an Investment Manager held today.
With this, the cumulative distribution per unit for H1FY22 reaches Rs. 4.00.
The Board of IRB Infrastructure Pvt. Ltd., the Investment Manager to the IRB InvIT Fund, today announced the financial results for second quarter and first half of FY22 and declared distribution of ~ Rs. 128 crores to the Unit Holders translating into payout of Rs. 2.20 per unit for the second quarter. This comprises of Rs. 1.20 per unit as Interest and Rs 1.00 per unit towards Capital reduction. With this, the cumulative distribution per unit since listing has reached Rs.45.30.
The Trust has set 27th October 2021 as a record date for distribution and the same will be paid to the unit holders on or before 5th November 2021.
While commenting on the occasion, Mr. Vinod Kumar Menon, Executive Director & CEO of the Investment Manager said, "The phase-wise unlocking across India has brought strong recovery across all our assets, as the toll collection has surpassed pre-COVID levels and is excelling in most of the BOT assets with onset of festive season. Pathankot Amritsar Asset is reeling under the pressures of the ongoing farmers' agitation. However, in line with the provisions of the Concession Agreement, we are eligible to receive cash compensation and extension in the concession period for these losses."