IRB Infrastructure Developers has received the first tranche of the investment of Rs 3753 crore from GIC affiliates out of its commitment of Rs 4,400 crore by IRB Infrastructure Trust. The balance commitment will be invested on the progress of construction of the under-construction projects.
The allotment of units to the investors will happen by February 27, 2020. Post the allotment of units, the company will hold 51% and GIC affiliates will hold 49% stake in the Private InvIT.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
