The promoter of IRB Infrastructure Developers has bought 75 lakh units (or 1.29 per cent) in IRB InvIT at ₹75.60 a unit for approximately ₹57 crore. Following the acquisition, the promoter’s stake in the InvIT increased to 1.31 per cent. IRB InvIT Fund, the Trust settled by its sponsor IRB Infrastructure Developers, has reported a net distributable cash flow of ₹177 crore in the first quarter of FY19, a total distribution of ₹3.05 per unit and an EBIDTA of ₹250 crore.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.