HomeNewsBusinessCompaniesIRB InvIT Fund declares first distribution of Rs 1.55/unit
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IRB InvIT Fund declares first distribution of Rs 1.55/unit

IRB Infrastructure-sponsored IRB Infrastructure Investment Trust (InvIT) Fund reported a revenue of Rs 151 crore for the April-June quarter. Also declared its first distribution of 1.55 per unit. In an interview to CNBC-TV18, Rajinder Pal Singh, Chairman of IRB InvIT Fund spoke about the same.

July 31, 2017 / 12:13 IST
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IRB Infrastructure-sponsored IRB Infrastructure Investment Trust (InvIT) Fund reported a revenue of Rs 151 crore for the April-June quarter. Also declared its first distribution of 1.55 per unit.

In an interview to CNBC-TV18, Rajinder Pal Singh, Chairman of IRB InvIT Fund spoke about the same.

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This was the first InvIT in the country. This particular quarter had issues like the impact of goods and services tax (GST), still this fund saw a reasonable growth in revenue.

Had revenue growth of 4 percent in Q1 FY18, he said.

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