IRB Infra Developers announced that it had raised Rs 150 crore via allotment of Non -Convertible Debentures on a private placement basis on Wednesday.
IRB Infrastucture stated in a BSE filing, that the management administration and share transfer committee of the BOD of the firm had allotted 9.55% of secured, redeemable, listed, rated NCDs (Non-Convertible Debentures) of face value of Rs10 lakh each for cash at par, aggregating to Rs150 crore on a private placement basis to eligible investors.
IRB Infrastructure Developers Limited (1) is an Indian highway construction company that executed its first build-operate-transfer (BOT) road project, which is among the largest operators of such ventures.
Dilip Buildcon stated that it had raised Rs200 crore through NCDs in a separate BSE filing. Buildcon has issued and allotted 2,000 senior, secured, listed, rated, redeemable NCDs rupee-denominated face value of Rs10 lacs bearing a coupon rate 8.67% p.a, on private placement basis.
Dilip Buildcon Limited is among the leading full infrastructure companies with construction capabilities in roads & bridges, mining, water sanitation, sewage dams, irrigation industrial, commercial, and residential buildings with a presence in over 17 states.