IRB InvIT distributed Rs 90 cr cashflow to unit holders

The Trust reported a revenue of Rs 151 cr and EBITDA of Rs 123 cr

In its first, IRB Infrastructure Investment Trust (InvIT) on Monday declared a Rs 90 crore worth distribution of cash flow to its unit holders.

"We are happy to announce the first distribution to the unit holders of Rs 1.55 per unit. This translates into annualised payout is 12.6 per cent, which is in line with our expectations. We would endeavour to make distribution every quarter as against the minimum stipulation of half yearly distribution," the company said in its statement on Monday.

IRB InvIT also declared its results on Monday. The Trust reported a revenue of Rs 151