IRB Infrastructure Developers has received an
approval for fund raising options and enabled special resolution for the
purpose of further issue of securities for an amount not exceeding Rs
1,500 crore. The board of directors at their meeting held on November
05, 2014 has approved for the same.
The above is
however subject to the approval of the shareholders of the company and
all the requisite approvals as may be required from regulatory
authorities and in accordance with the provisions of the applicable
laws.
IRB Infrastructure Developers undertakes
development of various infrastructure projects in the road sector
through several special purpose vehicles.
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