IRB Infra subsidiary allots redeemable debentures worth Rs 700 crore to investors
The company said that the proceeds received from nonconvertible debentures would be used to refinance the project through part repayment of existing project debts, at lower interest cost, which would bring huge interest saving over project life.
IRB Infrastructure has an asset base of over Rs 60,000 crore in 10 states. Pic: Reuters / Representational image