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An update from IRB Infrastructure Developers Limited ( (IN:IRB) ) is now available.
IRB Infrastructure Developers Limited has announced the execution of a share purchase agreement and ancillary agreements for the transfer of 100% equity share capital of three tollway project SPVs to the IRB InvIT Fund, a publicly listed infrastructure investment trust. This transaction, subject to necessary approvals, involves the repayment of subordinated debt and shareholder loans, and it marks a strategic move to streamline operations and potentially enhance the company’s market positioning within the infrastructure investment sector.
More about IRB Infrastructure Developers Limited
IRB Infrastructure Developers Limited operates in the infrastructure sector, primarily focusing on the development and management of road and highway projects. The company is involved in the construction, operation, and maintenance of roads and highways across India, with a significant presence in the toll road segment.
Average Trading Volume: 879,479
Technical Sentiment Signal: Hold
Current Market Cap: 250.4B INR
For detailed information about IRB stock, go to TipRanks’ Stock Analysis page.