IRB Infrastructure Developers’ Board of Directors has approved fund raising of up to Rs 2,500 crore to meet ongoing and planned capex requirements and cash flow mismatches of the company as well as for the general corporate purposes, in wake of COVID-19 arising from the lockdown impact.
The company’s Board approved fund raising through appropriate instruments, permitted under the applicable statute, in one or more tranches/series to the eligible investors, who are allowed to invest in or subscribe to such instruments. The Management Administration and Share Transfer Committee (MAS Committee) of Board is authorized to take all necessary actions in this regard.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
Company Name | CMP |
---|---|
Larsen & Toubro | 3602.30 |
Rail Vikas Nigam | 289.85 |
KEC International | 728.30 |
Kalpataru Projects | 1179.00 |
NCC | 249.40 |
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