{"id":286654,"date":"2019-08-08T06:15:15","date_gmt":"2019-08-08T06:15:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286654"},"modified":"2019-08-08T06:15:15","modified_gmt":"2019-08-08T06:15:15","slug":"irb-infrastructure-rises-as-singapores-gic-says-it-will-invest-in-companys-road-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/irb-infrastructure-rises-as-singapores-gic-says-it-will-invest-in-companys-road-assets\/","title":{"rendered":"IRB Infrastructure rises as Singapore&#8217;s GIC says it will invest in company&#8217;s road assets"},"content":{"rendered":"<p>Shares of IRB Infrastructure Developers rose as much as 10.6 per cent to Rs 105.8; their highest since June 18.<\/p>\n<p>The company, which is engaged in construction and maintenance of roads, said on Tuesday an affiliate of Singapore&#8217;s GIC sovereign wealth fund would invest Rs 4,400 crore ($620.24 million) in its road and highway assets.<\/p>\n<p>IRB Infrastructure will hold a 51 per cent stake and keep management control in a private infrastructure investment trust, which will be set up under the deal, the highway construction firm said.<\/p>\n<p>Around 4 million shares changed hands, versus the 30-day average of ~1.4 million shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of IRB Infrastructure Developers rose as much as 10.6 per cent to Rs 105.8; their highest since June 18. The company, which is engaged in construction and maintenance of roads, said on Tuesday an affiliate of Singapore&#8217;s GIC sovereign wealth fund would invest Rs 4,400 crore ($620.24 million) in its road and highway assets. IRB Infrastructure will hold a 51 per cent stake and keep management control in a private infrastructure investment trust, which will be set up under the deal, the highway construction firm said. Around 4 million shares changed hands, versus the 30-day average of ~1.4 million [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-286654","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286654"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286654\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}