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IRB Infrastructure Developers Limited — Capital/Financing Update 2023
Aug 10, 2023
62323_rns_2023-08-10_0c137d51-b14b-42be-b53e-8a96c95d0cbd.pdf
Capital/Financing Update
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August 10, 2023
Corporate Relationship Department, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G Dalal Street, Mumbai- 400001. Bandra Kurla Complex, Bandra (E), Mumbai - 400051
Dear Sir/Madam,
Ref: Scrip Code 532947; Symbol: IRB
Subject: Update regarding Rights Issue of IRB Infrastructure Trust
Dear Sir/Madam,
Further to our letters dated July 21, 2023, August 2, 2023 and August 5, 2023, we hereby inform you that IRB Infrastructure Trust (“the Trust”) – Associate of the Company, today has issued and allotted 142,400,000 Units to the eligible unitholders of the Trust for cash at an Issue price of ₹ 200.98* per unit, aggregating to approximately ₹28,619.50 million. The Company being the Sponsor has been allotted 72,800,000 Units of the Trust while GIC Affiliates have been allotted 69,600,000 Units. Post the rights issue, the Company holds approximately 51% units and GIC affiliates hold approximately 49% units in the Trust.
*The Issue Price is ₹200.979634. For presentation purposes only, the Issue Price has been presented as rounded-off to two decimal places.
We request you to take the above on record.
Thanking you,
Yours faithfully,
For IRB Infrastructure Developers Limited
MEHULKUMAR NATWARLAL PATEL Digitally signed by MEHULKUMAR NATWARLAL PATELDN: cn=MEHULKUMAR NATWARLAL PATEL c=IN o=PERSONALReason: I am the author of this documentLocation: Date: 2023-08-10 19:31+05:30
Mehul Patel
Company Secretary & Compliance Officer