IRB Infra Share Crash ! Fall Reason ? Analysis Anil Singhvi/Buy or not ? irb infra share latest news
IRB Infra share Crash ! Hold or sell ? irb infra share latest news Anil singhvi, analysis,target
IRB Infra block deal: Cintra looks to sell around 5% stake for $228 mn
IRB Infrastructure Developers Ltd plunged over 10 per cent in Tuesday's trade as nearly 42 crore shares changed hands on NSE amid reports Cintra, a toll road subsidiary of the Dutch major Ferrovial, likely offloaded up to a 5 per cent stake in the civil construction company today via block deal.
IRB Infra shares plunged 10.20 per cent to hit a low of Rs 63 on NSE, taking its two-day fall to 18 per cent. The stock fell 9.05 per cent to settle at Rs 70.15 on Monday. Cintra, the arm of Dutch company was looking to raise about Rs 1,900.29 crore ($227.8 million), as per a term sheet reviewed by ET. Business Today could not independently verify the report.
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