AI assistant
IRB Infrastructure Developers Limited — Capital/Financing Update 2024
Dec 20, 2024
62323_rns_2024-12-20_59a58968-8390-4670-91c7-2d35ee8bbfc9.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
December 20, 2024
| To, | |
|---|---|
| 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 400 001 | Bandra Kurla Complex, Bandra (E), Mumbai 400 051 |
Dear Sir / Madam,
Ref: Scrip Code 532947; Symbol: IRB
Subject: Update regarding Rights Issue of IRB Infrastructure Trust
Dear Sir / Madam,
Further to our intimations dated December 16, 2024, we hereby inform you that MMK Toll Road Private Limited, the investment manager of the IRB Infrastructure Trust (“the Trust”) – Associate of the Company, on behalf of the Trust, has issued and allotted 5,84,00,000 Units of the Trust to the eligible unitholders of the Trust for cash at an Issue price of Rs. 293.6511986 per unit, aggregating to Rs. 17,149.23 million. The Company, being the Sponsor of the Trust, has been allotted 2,98,00,000 Units of the Trust while Other Unitholder/s have been allotted 2,86,00,000 Units. Post rights issue, the Sponsor continues to hold approximately 51% of units in the Trust.
We request you to take the above on record.
For IRB Infrastructure Developers Limited
Digitally signed by MEHULKUMA MEHULKUMAR R NATWARLAL NATWARLAL PATEL PATEL Date: 2024.12.20 22:06:06 +05'30'
Mehul Patel Company Secretary