{"id":80326,"date":"2022-12-30T12:01:00","date_gmt":"2022-12-30T06:31:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80326"},"modified":"2022-12-30T11:58:52","modified_gmt":"2022-12-30T06:28:52","slug":"biz-irb-infra-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-irb-infra-3\/","title":{"rendered":"IRB Infrastructure Developers&#8217; SPV raises Rs 700 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4238064305\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>IRB Infrastructure Developers on Thursday said its special purpose vehicle &#8212; Udaipur Tollway Limited &#8212; has raised Rs 700 crore through issuance of redeemable non-convertible debentures on a private placement basis.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-207419917\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>According to a statement, the Special Purpose Vehicle (SPV) will use proceeds to refinance the existing project debts.<\/p>\n<p>&#8220;The NCD (Non-Convertible Debenture) proceeds from refinancing would be utilised for part takeout financing of the existing project loans obtained and provide significant saving of over Rs 100 million annually at revised interest cost of nearly 8.9 per cent,&#8221; it said in a statement.<\/p>\n<p>Earlier in the quarter, it had re-financed its two SPVs under the private InvIT arm (through private placement of listed NCDs), viz Solapur Yedeshi Tollway Limited and Yedeshi Aurangabad Tollway Limited, it added.<\/p><div class=\"trade-content_5\" id=\"trade-3776386780\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>It involved fixing rates for at least 5 years at optimised cost and amortization.<\/p>\n<p>IRB Infrastructure is an infrastructure player in the highways segment. PTI BKS SHW<\/p>\n<div class=\"trade-after-content\" id=\"trade-1792248275\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>IRB Infrastructure Developers on Thursday said its special purpose vehicle &#8212; Udaipur Tollway Limited &#8212; has raised Rs 700 crore through issuance of redeemable non-convertible debentures on a private placement basis. According to a statement, the Special Purpose Vehicle (SPV) will use proceeds to refinance the existing project debts. &#8220;The NCD (Non-Convertible Debenture) proceeds from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":43187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-80326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IRB Infrastructure Developers&#039; SPV raises Rs 700 crore - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-irb-infra-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRB Infrastructure Developers&#039; SPV raises Rs 700 crore\" \/>\n<meta property=\"og:description\" content=\"IRB Infrastructure Developers on Thursday said its special purpose vehicle &#8212; Udaipur Tollway Limited &#8212; has raised Rs 700 crore through issuance of redeemable non-convertible debentures on a private placement basis. 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