SORIL Infra Resources has received an approval for the proposal of raising fund for diversification/ expansion of the existing and future businesses and to further augment the long-term financial resources of the company and its existing/ future subsidiaries and as a reflection of the confidence that the promoters have in the future of the company, the promoter group entities, being promoter(s) of the promoter/ parent of the company, have agreed to subscribe to the offer and infuse further capital in the company aggregating upto Rs 440 crore, in addition to the proposed subscription of upto Rs 110 crore by a non-promoter entity. The Board of the company at its meeting held September 08, 2018, considered and approved the same.
SORIL Infra Resources is a pioneering infrastructure development enabler, with the goal to increase the speed, smoothness, and profitability in project planning and execution.
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