IRB Infrastructure Developers Limited to raise Rs. 2,220 crores from India Toll Roads

IRB Infrastructure Developers Limited has entered into definitive agreement with India Toll Roads - Foreign Portfolio Investor, for raising of funds by issuance of non-convertible debentures upto Rs. 2,220 Crores subject to satisfactory completion of procedural conditions. The proceeds would be utilised for repayment of existing loans upto Rs. 1,600 crore and balance for meeting capex requirements and general corporate purposes.

Shares of IRB INFRASTRUCTURE DEVELOPERS LTD. was last trading in BSE at Rs.110.65 as compared to the previous close of Rs. 109.05. The total number of shares traded during the day was 69850 in over 1820 trades.

The stock hit an intraday high of Rs. 112.15 and intraday low of 109. The net turnover during the day was Rs. 7751153.

Source : Equity Bulls

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