IRB Infrastructure Developers Limited invests Rs. 194.63 crores in IRB Infrastructure Trust - Private InvIT

IRB Infrastructure Trust - Private InvIT has successfully closed fund raising by way of Rights Issue of Units amounting to Rs. 381.63 Crores from existing unitholders. IRB Infrastructure Developers Limited being the Sponsor and 51% unitholder of the Private InvIT, invested Rs. 194.63 Crores and GIC Affiliates holding 49% units have invested Rs. 187.00 Crores.

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

Shares of IRB INFRASTRUCTURE DEVELOPERS LTD. was last trading in BSE at Rs. 163.05 as compared to the previous close of Rs. 172.15. The total number of shares traded during the day was 306567 in over 3116 trades.

The stock hit an intraday high of Rs. 174.7 and intraday low of 160.1. The net turnover during the day was Rs. 51292698.

Source : Equity Bulls

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