IRB Infrastructure Developers has executed an investment agreement with Cintra INR Investments BV (Cintra). The Cintra Investment agreement inter alia records the terms and conditions on the basis of which Cintra has agreed to subscribe to the Equity Shares of the Company. The total subscription amount aggregates to a maximum of Rs 3180.22 crore. In terms of the Cintra Investment agreement, the Company is required to issue and allot not less than 11,65,26,032 Equity Shares and up to 15,01,59,212 Equity Shares, at a price of Rs 211.79 per Equity Share.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
