IRB Infra InvIT completes second fund raising round by securing Rs 510 cr

IRB will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust

Country's first infrastructure investment trust IRB Infra INVIT on Wednesday said it has completed the second installment of its fund raising programme by securing Rs 510 crore.

Infrastructure Trust - Private InvlT, has successfully closed 2nd tranche of fund raising by way of Rights Issue of Units amounting to Rs 510 crore, the company said in an official statement.

The company being the sponsor and 51% stakeholder, contributed Rs 260crore and the GIC Affiliates holding 49% have contributed balance Rs 250crore.

This is part of the total commitment of Rs 4,400 cr by GIC affiliates towards 49% stake in Pvt lnvlT housing 9