IRB Infrastructure Developers is planning to raise Rs 440 crore through an issue of shares to institutional investors. The shares would be allotted at a price of Rs 230.54 apiece. The company undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
The company had earlier said it has tied up finances of Rs 1,756 crore to fund a project with a total cost of Rs 3,177 crore.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
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