Friday, 7 November 2014

IRB Infrastructure to raise funds up to Rs 1,500 crore

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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