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24-Jul2017

IRB Infrastructure trades with traction on the bourses

IRB Infrastructure Developers is currently trading at Rs. 222.80, up by 8.00 points or 3.72% from its previous closing of Rs. 214.80 on the BSE.

The scrip opened at Rs. 216.00 and has touched a high and low of Rs. 225.55 and Rs. 215.65 respectively. So far 487183 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 272.40 on 03-May-2017 and a 52 week low of Rs. 177.50 on 23-Nov-2016.

Last one week high and low of the scrip stood at Rs. 225.55 and Rs. 212.65 respectively. The current market cap of the company is Rs. 7872.48 crore.

The promoters holding in the company stood at 57.37%, while Institutions and Non-Institutions held 35.14% and 7.49% respectively.

IRB Infrastructure Developers has received an approval for sale of 100% equity stake held by the company in IRB Pathankot Amritsar Toll Road, to IRB InvIT Fund (the Fund) pursuant to Deed of Right of First Offer and Right of First Refusal executed by the company with the Fund on May 9, 2017. The board of directors at their meeting held on July 24, 2017, has approved for the same.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.


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