IRB Infrastructure zooms on getting board’s approval for fund raising of up to Rs 2,500 crore

27 Apr 2020 Evaluate
IRB Infrastructure Developers is currently trading at Rs. 76.45, up by 3.40 points or 4.65% from its previous closing of Rs. 73.05 on the BSE.

The scrip opened at Rs. 74.30 and has touched a high and low of Rs. 77.80 and Rs. 74.30 respectively. So far 5962 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.20 on 27-May-2019 and a 52 week low of Rs. 46.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 72.90 respectively. The current market cap of the company is Rs. 2702.65 crore.

The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 31.45% and 10.91% respectively.

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.

IRB Infra.&Developer Share Price

58.51 -0.43 (-0.73%)
28-Mar-2024 16:01 View Price Chart
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