MoneyWorks4Me

IRB Infrastructure Developers inks pact with India Toll Roads - Foreign Portfolio Investor

10 Feb 2021 Evaluate

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.

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
View more..