OPEN APP
Home / Companies / News /  IRB Infrastructure shareholders approved 5,347 cr fundraise via share sale
Listen to this article

IRB Infrastructure Developers informed the stock exchanges on Saturday that its shareholders have passed a resolution which will allow capital inflow of 5,347 crore into the company.

IRB Infrastructure Developers convened an extra ordinary general meeting online on November 20, 2021 to secure the approval of its shareholders, the company said in a statement.

"...This will now enable the company to issue shares to the tune of 5,347 crore to the Cintra Global S.E. (a wholly owned subsidiary of Ferrovial S.A) and the Bricklayers Investments Pt. Ltd. (an affiliate of GIC, Singapore Sovereign wealth fund)," it said.

The company stated that overall 95 per cent of the votes casted were in favour of the resolution.

All the large institutional shareholders of the company voted in favour of the resolution, it added.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout