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19-Aug2016

IRB Infra shines on the bourses

IRB Infrastructure Developers is currently trading at Rs. 229.45, up by 9.05 points or 4.11% from its previous closing of Rs. 220.40 on the BSE.

The scrip opened at Rs. 222.00 and has touched a high and low of Rs. 232.75 and Rs. 221.00 respectively. So far 1731415 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 272.20 on 20-Oct-2015 and a 52 week low of Rs. 197.00 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 221.50 and Rs. 204.70 respectively. The current market cap of the company is Rs. 8037.66 crore.

The promoters holding in the company stood at 57.43%, while Institutions and Non-Institutions held 36.29% and 6.28% respectively.

IRB Infrastructure Developers is planning to raise Rs 5,000-6,000 crore through Infrastructure Investment Trusts (InvITs) and is expected to file the draft red herring prospectus (DRHP) within a month. This could be the first fund-raising through an InvIT after it was first proposed in the Union Budget in 2014.

IRB, a Mumbai-based build-operate-transfer (BOT) developer of roads would have to raise the funds within 12 months of the listing and regulatory approvals.


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