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.
