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IRB Infrastructure Developers Ltd Announces Acquisition Of IRB Surat Dahisar Tollway Pvt. Ltd


Monday, 27 May 2013 04:06am EDT 

IRB Infrastructure Developers Ltd announced that in terms of the Subscription Agreement and a Put Option Agreement dated January 30, 2009, Deutsche Bank AG, Mumbai Branch exercised their put option and sold equity holding of 10% in IRB Surat Dahisar Tollway Pvt. Ltd. to the Company at a total consideration of INR670.5 million, Thereby, IRB Surat Dahisar Tollway Pvt. Ltd. has become a wholly owned subsidiary of the Company. 

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