43.1200 -0.34 (-0.78%)
NSE Sep 23, 2025 15:44 PM
Volume: 4.4M
 

43.12
-0.78%
ICICI Securities Limited
Announces | 4,400-crore deal with GIC at 1x P/BV IRB announced a | 4,400 crore deal with GIC Singapore. As part of the transaction, IRB will transfer nine of its BOT assets (portfolio) into a private infrastructure investment trust in which it will hold a controlling stake of 51%. EPC and O&M; contracts under this InvIT will continue to be with IRB. The deal has been done at 1x P/BV. GIC would infuse ~| 4,400 crore in the trust, which will consist of upfront payment of | 3,000 crore (to be utilised by IRB for debt reduction) and balance | 1,400 crore towards equity...
IRB Infrastructure D.. has an average target of 50.00 from 1 broker.
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