IRB Infra's chairman and managing director, VD Mhaiskar has bought 2% in his company, upping his stake to 60%. This is in contrast to the promoter group selling nearly 10% of stock in a block deal recently.
CNBC-TV18 catches up with him for the rationale behind the move and the way forward for IRB Infra. He says that he expects good bids to open up in the next two-three months. Below is the edited transcript of the interview. Also watch the accompanying video. Q: Can you just clarify which of the promoters sold and why and is there still pending stock to sell or one should conclude that the supply hangover is gone now? A: The promoter group entities consisting of my father and my brotherDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
