IRB InvIT s Q4 distribution stands at Rs 2.50 per unit ANI | Updated: May 15, 2021 16:59 IST
Mumbai (Maharashtra) [India], May 15 (ANI): India s first listed infrastructure investment trustIRB InvIT said on Saturday it will be distributing Rs 2.50 per unit for the quarter ended March (Q4 FY21).
The yearly distribution for FY21 totals Rs 8.50 per unit in spite of lower toll collection due to lockdowns arising out of Covid-19 pandemic. The distribution cost for IRB InvIT works out to Rs 145 crore.
The trust has set May 20 as a record date for distribution which will be paid to unit holders by May 29. It is encouraging to see that the FASTag penetration has crossed 90 per cent of total collections, which is further bringing in more efficiency and transparency, said a spokesperson. We hope the situation will improve in coming quarters.