IRB Infrastructure Developers has raised Rs 200 crore through Secured, Redeemable, Listed, Rated Non-Convertible Debentures (NCDs) and allotted 9.55% Secured, Redeemable, Listed, Rated Non-Convertible Debentures of face value of Rs 10 lakh each, for cash at par, on a private placement basis to an eligible investor.
The Board of Directors of the company at their meeting held on July 17, 2020 has approved and allotted the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
