ALSO READIRB Infrastructure Developers Q3 net profit up 10% at Rs 184cr IRB Infrastructure Q2 Net drops 5 pc at Rs 142 cr IRB Infrastructure Developers fixes record date for interim dividend IRB Infrastructure Developers consolidated net profit declines 5.00% in the September 2016 quarter IRB Infrastructure Developers standalone net profit declines 58.96% in the September 2016 quarter
Besides, fresh issue of units of InvIT (Infrastructure Investment Trusts), IRB Infrastructure Developers and its subsidiaries will also launch an offer for sale of units.
InvIT, a new class of investment vehicle under Sebi regulations, is aimed at raising funds in the infrastructure space.
IRB Infrastructure Developers Ltd sponsors the IRB InvIT Fund.
The initial public offer of the units was filed yesterday with Sebi.
"The initial public offer consists of a fresh units, aggregating to Rs 43,000 million, by the Trust (the fresh issue) and an offer for sale of units by the company (IRB Infrastructure Developers) and certain of its subsidiaries," IRB Infrastructure Developers said in a regulatory filing.
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