IRB Infrastructure Developers said that it has completed a Rs 243 crore capital raising under the IRB Infrastructure Trust. IRB and GIC Affiliates will retain 51 and 49 percent of the Trust following this capital raising, according to a statement released by the business.
Virendra D Mhaiskar, Chairman and Managing Director, IRB Infra, said, “The present fund raise will be utilized for the equity contribution in the 10th project that will form part of the private InvIT.”
