{"id":339068,"date":"2020-02-26T11:02:14","date_gmt":"2020-02-26T05:32:14","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339068"},"modified":"2020-02-26T12:10:34","modified_gmt":"2020-02-26T06:40:34","slug":"irb-infrastructure-gets-first-tranche-of-investment-of-rs-3753-crore-from-gic-affiliates-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/irb-infrastructure-gets-first-tranche-of-investment-of-rs-3753-crore-from-gic-affiliates-2\/","title":{"rendered":"IRB Infrastructure gets first tranche of investment of Rs 3,753 crore from GIC affiliates"},"content":{"rendered":"<p>IRB Infrastructure DevelopersNSE -1.53 % on Tuesday said it has received the first tranche of investment of Rs 3,753 crore from GIC affiliates. In a regulatory filing, IRB Infrastructure Developers said Rs 3,753 crore from GIC affiliates has been received out of its commitment of Rs 4,400 crores by IRB Infrastructure Trust.<\/p>\n<p>&#8220;The balance commitment will be invested on the progress of construction of the under-construction projects,&#8221; the filing added.<\/p>\n<p>In August 2019, the company had announced signing of definitive agreements with GIC affiliates, for an investment up to Rs 4,400 crore &#8212; amounting to 49 per cent stake in a portfolio of nine of its assets through Private InvIT structure (IRB Infrastructure Trust), while IRB was to retain controlling stake of 51 per cent in the Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRB Infrastructure DevelopersNSE -1.53 % on Tuesday said it has received the first tranche of investment of Rs 3,753 crore from GIC affiliates. In a regulatory filing, IRB Infrastructure Developers said Rs 3,753 crore from GIC affiliates has been received out of its commitment of Rs 4,400 crores by IRB Infrastructure Trust. &#8220;The balance commitment will be invested on the progress of construction of the under-construction projects,&#8221; the filing added. In August 2019, the company had announced signing of definitive agreements with GIC affiliates, for an investment up to Rs 4,400 crore &#8212; amounting to 49 per cent stake in [&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":[130,193,136],"tags":[],"class_list":["post-339068","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339068","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=339068"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339068\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}