{"id":348339,"date":"2020-04-27T10:15:20","date_gmt":"2020-04-27T04:45:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348339"},"modified":"2020-04-27T10:44:29","modified_gmt":"2020-04-27T05:14:29","slug":"irb-infras-board-approves-%e2%82%b92500-cr-fund-raise-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/irb-infras-board-approves-%e2%82%b92500-cr-fund-raise-plan\/","title":{"rendered":"IRB Infra\u2019s board approves \u20b92,500-cr fund-raise plan"},"content":{"rendered":"<p>Highways developer IRB Infrastructure on Sunday said that its board has approved fund raising of up to \u20b92,500 crore.<\/p>\n<p>The fund-raising is aimed at providing interim support for restarted operations and working capital requirement, in view of likely delays in compensations from authorities as a result of the Covid-19 outbreak. The board has approved fund-raising through appropriate instruments, permitted under the applicable statute, in one or more tranches to the eligible investors, it said.<\/p>\n<p>Virendra D Mhaiskar, Chairman &amp; Managing Director, IRB Infrastructure Developers, said: \u201cWe plan to use these funds to meet payments to creditors, firmed up project expenses as well as the general corporate purposes, during the ongoing lockdown situation due to Covid-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highways developer IRB Infrastructure on Sunday said that its board has approved fund raising of up to \u20b92,500 crore. The fund-raising is aimed at providing interim support for restarted operations and working capital requirement, in view of likely delays in compensations from authorities as a result of the Covid-19 outbreak. The board has approved fund-raising through appropriate instruments, permitted under the applicable statute, in one or more tranches to the eligible investors, it said. Virendra D Mhaiskar, Chairman &amp; Managing Director, IRB Infrastructure Developers, said: \u201cWe plan to use these funds to meet payments to creditors, firmed up project expenses [&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-348339","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348339","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=348339"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348339\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}