IRB Infrastructure Developers has raised Rs 300 crore through allotment of 9.55 percent secured, redeemable, listed, rated nonconvertible debentures (NCDs) of a face value of Rs 10 lakh each, for cash at par, aggregating to Rs 300 crore on a private placement basis. The management administration and share transfer committee of the board of directors of the company at their meeting held on June 15, 2020 has allotted the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
