IRB Infrastructure Developer has received approval to raise funds aggregate amount upto Rs 1,500 crore through issue of securities including but not limited to Equity Shares, American Depository Receipts/Global Depository Receipts / Foreign Currency Convertible Bonds (FCCBs) and/or Non-Convertible Debentures (NCDs) along with warrants and/or any securities convertible into Equity Shares through public and/or rights issue and/or private offerings and/or on preferential allotment basis, including to qualified institutional buyers by way of Qualified Institutions Placement (QIP).
The Board of Directors of the company at their meeting held on July 25, 2018, approved the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
