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IRB Infra: Promoter and promoter group entities namely Deepali Virendra Mhaiskar and IRB Holding Private are expected to offload 4 per cent stake in the company, raising Rs 1,512 crore.
While banks and non-bank lenders were the major borrowers in the dollar bond and loan market in the last three months, other companies have also expressed interest and are rushing to global rating agencies to rate their issuances. The reason: A fall in hedging costs.
Get latest articles and stories on Latest News at LatestLY. The National Company Law Tribunal has initiated the corporate insolvency resolution process (CIRP) against MEP Infrastructure Developers Ltd on a plea filed by Bank of India and appointed an interim resolution professional to take control of the company. Latest News | NCLT Initiates Insolvency Proceeding Against MEP Infrastructure.
Ventura Securities is bullish on IRB Infrastructure Developers has recommended buy rating on the stock with a target price of Rs 61 in its research report dated April 01, 2024.
IRB Infrastructure stated in a statement that the SPVs paid the NHAI an upfront concession price of ₹6,111 Crore.