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Private InvIT IRB Infrastructure Trust completes Rs 243 crore fundraising

IRB Infrastructure Developers in a statement said that post fundraise, IRB and GIC affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT

Topics
IRB Infra | Fundraising | IRB Infrastructure Developers

Press Trust of India  |  New Delhi 



road financing
IRB Infrastructure Developers Ltd has an asset base of Rs 61,000 crore across the parent company and two InvITs

IRB Infrastructure Trust, the private InvIT sponsored by and Singapore-based sovereign fund Affiliates, has completed total of Rs 243 crore.

in a statement said that post fundraise, IRB and affiliates will continue to hold 51 per cent and 49 per cent, respectively, in the InvIT.

IRB Infrastructure chairman and managing director Virendra D Mhaiskar said the funds will be utilised for the equity contribution in the 10th project that will form part of the Pvt InvIT.

Ltd has an asset base of Rs 61,000 crore across the parent company and two InvITs.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Fri, April 22 2022. 15:07 IST

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