IRB Infrastructure Developers has received its board’s approval for acquisition of 69,10,170 equity shares constituting 100% stake of MVR Infrastructure & Tollways from its promoters, existing institutional shareholders and other shareholders.
The transaction is proposed to be completed in three tranches, subject to various terms and conditions including obtaining of necessary approvals from regulatory authorities (including the NHAI) and lenders of the company. The board of directors of the company has approved the execution of certain definitive documents in this regard and further disclosures, if any will be made at the time of the execution of the definitive documents.
On the consolidated basis, IRB Infrastructure posted a rise of 17.12% in its net profit at Rs 120.35 crore for the quarter ended March 31, 2012 as compared to Rs 102.76 crore for the same quarter in the previous year. Total income increased by 11.56% at Rs 881.18 crore for quarter under review as compared to Rs 789.85 crore for the quarter ended March 31, 2011.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4075.75 |
| Rail Vikas Nigam | 298.75 |
| NCC | 160.00 |
| KEC International | 584.40 |
| Kalpataru Projects | 1248.95 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: