IRB Infrastructure Developers Ltd update on IRS Infrastructure Trust - Private InvIT

IRB Infrastructure Trust - Private InvIT has successfully closed 2nd Tranche of fund raising by way of Rights Issue of Units amounting to Rs. 510 Crore. The Company being the Sponsor and 51% stakeholder, contributed Rs. 260 Crore and the GIC Affiliates holding 49% have contributed balance Rs. 250 Crore. This is part of the total commitment of Rs. 4,400 Crore by GIC affiliates towards 49% stake in Pvt InvIT housing 9 BOT assets, out of which IRB Infrastructure Trust has already received 3,753 Crores from GIC affiliates in February, 2020.

Further the Company will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust.

Shares of IRB INFRASTRUCTURE DEVELOPERS LTD. was last trading in BSE at Rs.113.7 as compared to the previous close of Rs. 111.45. The total number of shares traded during the day was 39113 in over 1723 trades.

The stock hit an intraday high of Rs. 114.25 and intraday low of 111.3. The net turnover during the day was Rs. 4428983.

Source : Equity Bulls

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