Virendra Dattatray Mhaiskar of IRB acquires 30.23% shares of the company
Virendra Dattatray Mhaiskar, one of the promoters of IRB Infrastructure Developers Ltd, notified that he has acquired shares from another promoter of the company.
Mhaiskar acquired 30.23% (10,62,59,205) shares from the fellow shareholder. This kind of sharing is also known as Inter-se transfer of shares amongst eligible promoters. New addition of shares will allow Mhaiskar to hold more than five percent voting rights (and shares) of the Indian highway construction company.
IRB Infrastructure Developers Ltd is responsible for executing some of the biggest road projects in India. The construction giant is also looked upon as a real benchmark setter when it comes to shaping up excellent roadways.
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