IRB Infrastructure Developers has received an approval for raising of funds by issue of Redeemable Non Convertible Debt Securities including senior debt securities or subordinate debt securities up to Rs 500 crore in one or more tranches on private placement basis. The board of director at its meeting held on May 15, 2013 has approved for the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.