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NEW DELHI: Shares of IRB Infrastructure Developers advanced over 2 per cent in Wednesday’s early trade after promoter Virendra Dattatraya Mhaiskar on Tuesday bought 19,00,000 shares of the company at Rs 114.45 per share from the open market.
Mhaiskar held 0.26 per cent stake in the company at the end of June.
The scrip traded 2 per cent higher at Rs 114 at around 9.50 am (IST), while the benchmark BSE Sensex was down 28 points, or 0.08 per cent, at 37,945 at around the same time.
Overall, promoters held 57.74 per cent stake in the company as of June 30, while public held 42.26 per cent stake.
In another update, the company on September 24 said its special purpose vehicle (SPV) will start toll collection on Yedeshi Aurangabad highway in Maharashtra post completion of the project.
The company said the highway stretch on NH 211 has received completion certificate.
“Yedeshi Aurangabad BOT (build, operate, transfer) Project implemented by Yedeshi Aurangabad Tollway Limited (SPV) which is now part of IRB Infrastructure Trust - Private InvIT has been issued a Completion Certificate by the Competent Authority,” the company said in a regulatory filing to the BSE.
Consequently, the SPV would collect toll at full toll rates on this project, it added.
Mhaiskar held 0.26 per cent stake in the company at the end of June.
The scrip traded 2 per cent higher at Rs 114 at around 9.50 am (IST), while the benchmark BSE Sensex was down 28 points, or 0.08 per cent, at 37,945 at around the same time.
Overall, promoters held 57.74 per cent stake in the company as of June 30, while public held 42.26 per cent stake.
In another update, the company on September 24 said its special purpose vehicle (SPV) will start toll collection on Yedeshi Aurangabad highway in Maharashtra post completion of the project.
The company said the highway stretch on NH 211 has received completion certificate.
“Yedeshi Aurangabad BOT (build, operate, transfer) Project implemented by Yedeshi Aurangabad Tollway Limited (SPV) which is now part of IRB Infrastructure Trust - Private InvIT has been issued a Completion Certificate by the Competent Authority,” the company said in a regulatory filing to the BSE.
Consequently, the SPV would collect toll at full toll rates on this project, it added.