IRB Infrastructure will hold a 51% stake and keep management control in a private infrastructure investment trust, which will be set under the deal, the highway construction firm said (https://www.bseindia.com/xml-data/corpfiling/AttachLive/821e00e1-bf40-4b50-b931-9ba68138c76e.pdf).

IRB Infrastructure and GIC also plan to explore other opportunities in the road sector in India through the trust, Chief Executive Virendra Mhaiskar said.

(Reporting by Chandini Monnappa in Bengaluru, Editing by Sherry Jacob-Phillips)