IRB Infrastructure Developers gains on getting nod to raise Rs 2,184.55 crore via NCDs

23 Feb 2021

IRB Infrastructure Developers is currently trading at Rs. 107.65, up by 2.00 points or 1.89% from its previous closing of Rs. 105.65 on the BSE.

The scrip opened at Rs. 107.70 and has touched a high and low of Rs. 108.80 and Rs. 106.70 respectively. So far 5091 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. 110.50 and Rs. 105.30 respectively. The current market cap of the company is Rs. 3785.12 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 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.

Related IRB Infrastructure Developers Ltd. Links:

IRB Infra.&Developer Share Price

103.25 0.20 (0.19%) May 06, 18:01
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Puchho Befikar
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