IRB Infrastructure Developers has received approval for investment in the units of IRB InvIT Fund, a SEBI registered Infrastructure Investment Trust, for which the company acts as the Sponsor, through subscription to a preferential issue proposed to be undertaken by IRB InvIT Fund, subject to approval of the unitholders IRB InvIT Fund and any other approvals as may be required, for an amount of up to Rs 351 crore.
The proposed acquisition of units will enable the Trust to raise funds for acquisition of two project SPVs from IRB Infrastructure Trust, a privately placed listed infrastructure investment trust registered with the SEBI.
The Board of Directors of the Company at its meeting held on August 26, 2026, has approved the same.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3966.00 |
| Kalpataru Projects | 1406.55 |
| Rail Vikas Nigam | 212.00 |
| KEC International | 408.35 |
| NCC | 149.30 |
| View more.. | |
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