IRB Infra board approves allotment of NCDs worth Rs2,185cr to India Toll Roads on private placement

The allotment of NCDs is for a tenure of 7 years and will mature in February 2028.

Feb 23, 2021 03:02 IST India Infoline News Service

IRB Infrastructure Developers
IRB Infrastructure board of directors approved the allotment of Unlisted, Unrated, Secured, Redeemable, Non-convertible Debentures aggregating to Rs2,184.55cr on a private placement basis to India Toll Roads.

The allotment of NCDs is for a tenure of 7 years and will mature in February 2028.

A coupon rate of 9.927% per annum has been announced. The coupon will be paid semi-annually basis.

On Sensex, IRB Infra closed at Rs106.15 per piece flat compared to the previous closing. 

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