{"id":445712,"date":"2021-10-28T08:34:11","date_gmt":"2021-10-28T03:04:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445712"},"modified":"2021-10-28T08:59:01","modified_gmt":"2021-10-28T03:29:01","slug":"irb-infra-locked-at-10-lower-circuit-on-equity-dilution-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/irb-infra-locked-at-10-lower-circuit-on-equity-dilution-concerns\/","title":{"rendered":"IRB Infra locked at 10% lower circuit on equity dilution concerns"},"content":{"rendered":"<p>Shares of IRB Infrastructure Developers (IRB Infra) were locked at the 10 per cent lower circuit at Rs 266 on the BSE in Wednesday\u2019s intra-day trade after the company&#8217;s board approved fund raising of up to Rs 5,347 crore by issuing 252.45 million equity shares through preferential issue on a private placement basis. The issue price for the preferential allotments is Rs 211.79 per share, a 28 per cent discount to Tuesday\u2019s closing price of Rs 294.40 on the BSE. <\/p>\n<p>Till 10:44 am; a combined 13.3 million shares had changed hands at the counter and there were pending sell orders for around 1.2 million shares on the NSE and BSE, the exchanges data showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of IRB Infrastructure Developers (IRB Infra) were locked at the 10 per cent lower circuit at Rs 266 on the BSE in Wednesday\u2019s intra-day trade after the company&#8217;s board approved fund raising of up to Rs 5,347 crore by issuing 252.45 million equity shares through preferential issue on a private placement basis. The issue price for the preferential allotments is Rs 211.79 per share, a 28 per cent discount to Tuesday\u2019s closing price of Rs 294.40 on the BSE. Till 10:44 am; a combined 13.3 million shares had changed hands at the counter and there were pending sell orders [&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":[135,130,168],"tags":[],"class_list":["post-445712","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445712","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=445712"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445712\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}