IRB Infrastructure raises Rs 300 crore via NCDs

IRB Infrastructure Developers Ltd has raised Rs 300 crore through allotment of non-convertible debentures (NCDs).

In a filing at the stock exchange, IRB Infra said, “The management administration and share transfer committee of the board of directors of the company at their meeting held today (Monday) has allotted 9.55 percent secured, redeemable, listed, rated non-convertible debentures of the face value of Rs 10 lakh each, for cash at par, aggregating to Rs 300 crore on a private placement basis.”