IRB Infrastructure Developers board approves share split

The company in a statement said it will now initiate for shareholders' approval and regulatory nods to bring the share split into effect for trading on stock exchanges.

PTI

January 04, 2023 / 19:18 IST

Representative image

IRB Infrastructure Developers on Wednesday said its board has approved the proposal for alteration in the equity capital by a split of existing shares with a face value of Rs 10 per share into 10 shares with a face value of Re 1 each.

The company in a statement said it will now initiate for shareholders' approval and regulatory nods to bring the share split into effect for trading on stock exchanges.

It has an asset base of over Rs 60,000 crore in 10 states across the parent company and two Infrastructure Investment Trusts (InvITs), IRB infrastructure said.

PTI

first published: Jan 4, 2023 07:18 pm

Discover 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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347