MoneyWorks4Me

IRB Infrastructure Developers gets NOC from NHAI to transfer nine BOT assets

06 Jan 2020 Evaluate

IRB Infrastructure Developers has received NOC from NHAI for transfer of nine BOT assets to IRB Infrastructure Trust and subsequent investment by GIC affiliates for 49% stake in the Trust. Further, 98% of company's lenders have approved their NOCs supporting the deal and the company expects to close the balance shortly.

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

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
View more..