Normal rise towards DPU time is several weeks out…atleast 6-7 weeks away. So, this does not look like the normal rise around DPU time. Have they figured out how they will finance the enmasse block of assets offered? Someone knows something because this is a certain trend reversal, after months of being in reverse gear
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Possibly sponser and investment manager of IRB INVIT (IRB INFRA owner) realised that their image is getting tarnished due to extremely poor performance of IRB INVIT. This can be highly negative to IRB Infra for future growth and fund rising. They may pass on assets offered at such valuation which can enhance IRB INVIT’s future valuation and improve open market unit price.