Today news
About the same in other media
IRB Infra promoters likely to sell 4% to raise Rs 1,512 crore
Reading now: 303
IRB Infrastructure Developers are likely to sell a 4% stake in the company on Thursday to raise ₹1,512 crore ($181 million), according to a term sheet reviewed by ET.
The selling entities include IRB Holding Private and Deepali Virendra Mhaaiskar.
As of March 2024, IRB Infrastructure promoters held a stake of 34.29% in the company, as per BSE filings.
The sellers have put up 240 million shares for sale with a floor price ranging from ₹63 to ₹72.7 per share. This represents a 13% discount on the lower range compared to the closing price on Wednesday.
Jefferies and CLSA India are serving as bankers for the deal.
(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
Sensex Today Live Updates : Sensex, Nifty down at open, as global cues weigh; IndiGo, Vi, IRB Infra eyed livemint.com /3 weeks ago
Arthan Finance raises Rs 50 crore from Incofin, Dell Foundation economictimes.indiatimes.com /3 weeks ago
Bajaj Housing Finance files DRHP with SEBI to raise ₹7,000 crore via IPO; Details here livemint.com /3 weeks ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
