IRB Infrastructure Developers has raised Rs 200 crore via Non-Convertible Debentures (NCDs) and allotted 9.55% Secured, Redeemable, Listed, Rated NCDs of face value of Rs 10 lakh each, for cash at par, on a private placement basis to an eligible investor. The Management Administration and Share Transfer Committee of the Board of Directors of the company (the MAS Committee) at their meeting held on June 29, 2020 has allotted the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
