IRB Infra sponsored IRB InvIT Fund successfully raises Rs 3,248.43 crore
India, Oct. 15 -- IRB Infrastructure Developers has announced successful completion of the fund-raising of Rs.3,248.43 crore by its sponsored Public InvIT, i.e., IRB InvIT Fund through Institutional Placement of Units (IP).This is the first fund-raise activity by the Company Sponsored IRB InvIT Fund since its launch and listing way back in year 2017, which witnessed strong and broad-based participation, reflecting the confidence of a diverse set of marquee long-term institutional investors, both foreign and domestic, along with several reputed family offices. Post allotment of the Institutional Placement, investors holding more than 5% of the units, excluding the sponsor, are Anahera Investment Pte. Ltd., Kotak Mahindra Bank Limited, and CI...
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