Reach us: 7304553123 / mktg@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

IRB Infra completes Rs 381.63 cr fund raise in IRB Infrastructure Trust

Tuesday, 27 Jul 2021
Share this on :
IRB Infrastructure Developers, one of the highways infrastructure developers, has completed total fund raise of Rs 381.63 crore with an investment of Rs 194.63 crore in its sponsored IRB Infrastructure Trust, the Private InvIT jointly launched by the company and Singapore-based GIC Affiliates with 51 percent and 49 percent holding in it respectively.  
 
With this investment of Rs 194.63 crore in the IRB Infrastructure Trust, the company’s aggregate equity investments across its road portfolio, comprising wholly-owned concessions, 51 percent ownership in the Private InvIT and 16 percent ownership in Public InvIT have crossed Rs 9,000 crore mark. 
 
The IRB Infrastructure Trust and the GIC Affiliates completed the fund raising of Rs 381.63 crore by way of Rights Issue, while, IRB Infra invested Rs 194.63 crore; the GIC Affiliates invested Rs 187 crore. 
 
To re-iterate, the GIC Affiliates had invested approximately Rs 3,750 crore in February 2020, as the first tranche towards its investment in the IRB Infrastructure Trust; which was subsequently followed by the second tranche of Rs 510 crore raised in November 2020 by way of Rights Issues with the respective holding of 51:49 for Sponsor IRB Infrastructure Developers and GIC Affiliates.  
 
All projects under the Private InvIT are revenue generating, including three projects, which are under tolling and construction.  
 
The funds raised will be utilised towards equity requirement for under construction projects.
New Password
Confirm Password