IRB Infra Marches Ahead Stock Up By Over 7%

Stocks of IRB Infrastructure Developers are surging high on BSE over 7% at Rs 257.25 per share .

The stock started its trade on Rs 240 per share, touched a high of Rs 271.50 per share and a low of 239.85 per share.

With the capital market watchdog allowing MF’s, insurance companies & banks to invest their funds in financial instruments, the neck to neck race to be the first listed in InvIT is intensifying.

As per market sources, IRB Infra is eyeing to raise Rs 4300 crore with an additional option of offer for sale. Sources also informed that the infra player is close to announcing a launch date for InvIT. The company has set April month to launch their InvIT. 

BSE Capital goods index is trading up by 19 points or 0.11% at 17347 levels.

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About Suhani Varma

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