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IRB Infra to raise over Rs 4,300 cr via InvIT

Press Trust of India  |  New Delhi 

today said it has filed an offer document with regulator to raise more than Rs 4,300 crore through an InvIT.

Besides, fresh issue of units of InvIT (Infrastructure Investment Trusts), and its subsidiaries will also launch an offer for sale of units.

InvIT, a new class of investment vehicle under regulations, is aimed at raising funds in the infrastructure space.

Ltd sponsors the IRB InvIT Fund.

The initial public offer of the units was filed yesterday with

"The initial public offer consists of a fresh units, aggregating to Rs 43,000 million, by the (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.

Stock of IRB Infrastructure Developers closed 2.31 per cent higher at Rs 246 on today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 21 2017. 21:42 IST