Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has won an arbitration award of Rs 1,720 crore for the Yedeshi Aurangabad NH211 BOT highway project. The Arbitration Tribunal directed the National Highways Authority of India (NHAI) to pay compensation of Rs 1,720 crore, including interest, and grant an extension of 689 days to the concession period.
IRB Infrastructure Trust's IRB Infrastructure Developers Limited with investment from the GIC Affiliates, a Sovereign Wealth Fund of Singapore, listed itself today on the National Stock Exchange to be in line with SEBI InvIT Regulations which requires listing of all InvITs, the company said in an exchnage filling.
With this, the Trust has become the first Private InvIT listed on the NSE
Read more about IRB Infra rallies after HDFC MF acquires stake on Business Standard. IRB Infrastructure Developers spurted 4.14% to Rs 116.90 after HDFC Mutual Fund bought 0.71% stake via bulk deals on 31 May 2021.
Read more about IRB Infrastructure Developers receives completion certificate for Udaipur BOT project on Business Standard. Powered by Capital Market - Live News