Cintra, a subsidiary of Ferrovial, Spain and its affiliates in relation to the sale of three SPVs

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Dec 04, 2025

Cintra, a subsidiary of Ferrovial, Spain and its affiliates in relation to the sale of three SPVs

AZB & Partners advised Cintra, a subsidiary of Ferrovial, Spain and its affiliates in relation to the sale of three SPVs, holding road assets, by IRB Infrastructure Trust, a privately listed InvIT to IRB InvIT Fund, a publicly listed InvIT. Cintra is a unitholder in IRB Infrastructure Trust and a shareholder of the investment manager of IRB Infrastructure Trust. The collective enterprise value of the three SPVs was approximately INR 84,360 million.

The transaction was a first of its kind – being the first sale of assets from a Private Listed InvIT to a Public Listed InvIT.

Our deal team comprised of our Partner Janhavi Seksaria, Senior Associate Mrudul Desai, Associates Ishika Neotia and Rachit Pathoi.

AUTHORS & CONTRIBUTORS

Partner:

Janhavi Seksaria
Associates:

Mrudul Desai

Ishika Neotia

Rachit Pathoi

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