IRB Infra shareholders pass resolution for Rs 5,347 cr capital inflow

New Delhi: IRB Infrastructure Builders on Saturday stated that its shareholders have handed a decision which is able to allow capital influx of Rs 5,347 crore into the corporate. IRB Infrastructure Builders convened an additional bizarre normal assembly of its shareholders on-line on November 20, 2021, the corporate stated in an announcement.

“…This may now allow the corporate to concern shares to the tune of Rs 5,347 crore to the Cintra International S.E. (a completely owned subsidiary of Ferrovial S.A) and the Bricklayers Investments Pt. Ltd. (an affiliate of GIC, Singapore Sovereign wealth fund),” it stated.

The assertion stated general 95 per cent of the votes casted have been in favour of the decision.

All the big institutional shareholders of the corporate voted in favour of the decision, it added.