IRB INFRASTRUCTURE DEVELOPERS LTD TO MONETIZE NON-CORE ASSETS

• Board of Directors has given in-principle approval to monetize non-core assets. • Monetization to be done by way of phased development of ~350 acres land parcels at Villages Taje and Pimpaloli, Pune, owned by Aryan Infrastructure Investments Private Limited (AIIPL), a wholly owned subsidiary. • Also includes redevelopment of ~3,500 sq. mts. land parcels at Village Chandivali, Mumbai, owned by Ideal Road Builders Private Limited (IRBPL), another wholly owned subsidiary. • The approval is subject to definitive documentation and necessary regulatory and statutory approvals.

IRB Infrastructure Developers Ltd

Open attachment

← Back to feed