MoneyWorks4Me

IRB Infrastructure to sell 100% stake in IRB Pathankot Amritsar Toll Road

24 Jul 2017 Evaluate

IRB Infrastructure Developers has received an approval for sale of 100% equity stake held by the company in IRB Pathankot Amritsar Toll Road, to IRB InvIT Fund (the Fund) pursuant to Deed of Right of First Offer and Right of First Refusal executed by the company with the Fund on May 9, 2017. The board of directors at their meeting held on July 24, 2017, has approved for the same.

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

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
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