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IRB Infrastructure gains on plan to raise funds up to Rs 1,500 crore

07 Nov 2014 Evaluate

IRB Infrastructure Developers is currently trading at Rs 255.50, up by 0.80 points or 0.31% from its previous closing of Rs 254.70 on the BSE.

The scrip opened at Rs. 253.80 and has touched a high and low of Rs. 257.40 and Rs. 252.25 respectively. So far 69227 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.50 on 08-Jul-2014 and a 52 week low of Rs. 68.05 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 263.00 and Rs. 248.80 respectively. The current market cap of the company is Rs. 8453.68 crore.

The promoters holding in the company stood at 61.11% while Institutions and Non-Institutions held 29.73% and 9.16% respectively.

IRB Infrastructure Developers has received an approval for fund raising options and enabled special resolution for the purpose of further issue of securities for an amount not exceeding Rs 1,500 crore. The board of directors at their meeting held on November 05, 2014 has approved for the same.

The above is however subject to the approval of the shareholders of the company and all the requisite approvals as may be required from regulatory authorities and in accordance with the provisions of the applicable laws.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.

IRB Infra.&Developer Share Price

22.26 0.15 (0.68%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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