Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, IRB Infrastructure Developers has informed that the Company has entered into definitive agreement with India Toll Roads-Foreign Portfolio Investor, for raising of funds by issuance of non-convertible debentures up to Rs 2,220 Crores subject to satisfactory completion of procedural conditions. The proceeds would be utilised for repayment of existing loans up to Rs 1,600 crore and balance for meeting capex requirements and general corporate purposes.
The above information is a part of company’s filings submitted to BSE.
