IRB Infrastructure Developers (IRB) has executed definitive agreements with the MVR Infrastructure & Tollways promoters, existing institutional shareholders and other shareholders of the company for an aggregate consideration not exceeding Rs 130 crore.
Earlier, IRB 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.
| 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.. | |
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