IRB Infrastructure Developers rises on inking pact with India Toll Roads - Foreign Portfolio Investor

10 Feb 2021

IRB Infrastructure Developers is currently trading at Rs. 111.80, up by 1.15 points or 1.04% from its previous closing of Rs. 110.65 on the BSE.

The scrip opened at Rs. 111.00 and has touched a high and low of Rs. 112.55 and Rs. 110.65 respectively. So far 12731 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.80 on 19-Aug-2020 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. 112.55 and Rs. 107.50 respectively. The current market cap of the company is Rs. 3941.51 crore.

The promoters holding in the company stood at 58.61%, while Institutions and Non-Institutions held 27.73% and 13.67% respectively.

IRB Infrastructure Developers has entered into definitive agreement with India Toll Roads - Foreign Portfolio Investor, for raising of funds by issuance of non-convertible debentures upto Rs 2,220 crore subject to satisfactory completion of procedural conditions. The proceeds would be utilised for repayment of existing loans upto Rs 1,600 crore and balance for meeting capex requirements and general corporate purposes.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.

Related IRB Infrastructure Developers Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323