IRB Infrastructure Developers has received an approval for the allotment of Unlisted, Unrated, Secured, Redeemable, Non-convertible Debentures (NCDs) aggregating to Rs 2,184.55 crore on a private placement basis to India Toll Roads. For this purpose, the company has executed the Debenture trust deed and other transaction documents. The debentures will mature in February, 2028 pursuant to the Debenture Trust Deed. The Management Administration and Share Transfer Committee of the Board of Directors of the company at their meeting held on February 22, 2021 has approved the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.