IRB Infrastructure Developers to raise Rs. 500 crore

The Board of Directors of IRB Infrastructure Developers Ltd at its meeting held on May 15, 2013, has approved raising of funds by issue of Redeemable Non Convertible Debt Securities (including senior debt securities or subordinate debt securities) up to Rs. 500 Crores in one or more tranches on private placement basis.

Shares of IRB Infrastructure Developers Ltd was last trading in BSE at Rs.130.90, down by Rs.0.95 or 0.72%. The stock hit an intraday high of Rs.132.55 and low of Rs.128.55.

The total traded quantity was 4.23 lakhs compared to 2 week average of 3.01 lakhs.

Source : Equity Bulls

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