Business Standard

IRB Infrastructure Developers allots 25.24 cr equity shares

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Capital Market

On preferential basis

IRB Infrastructure Developers has allotted 25,24,50,000 fully Paid up equity Shares of face value of Rs 10 each in dematerialised form for a cash consideration at a price of Rs 211.79 each to the allottees named below:

Cintra INR Investments BV (allotted 15,01,59,212 equity shares against subscription amount of Rs 3180.22 crore for a shareholding of 24.84%)
Bricklayers Investment (allotted 10,22,90,788 equity shares against subscription amount of Rs 2166.41 crore for a shareholding of 16.94%)

Consequent to the above allotment the issue, subscribed and paid-up share capital of the Company stands increased to Rs 603.90 crore comprising of 60,39,00,000 equity shares of face value of Rs 10/- each.

 

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First Published: Dec 29 2021 | 5:42 PM IST

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