IRB Infrastructure Developers Limited — Important, 27-12-2024: Updates

Progress has been made on the Ganga Expressway Project, as the IRB Infrastructure Trust has now acquired 80.4% of the equity share capital and 80.4% of the debentures of Meerut Budaun Expressway Limited (MBEL). This marks a significant milestone in the execution of agreements related to the project. The successful closing of these agreements enhances the Trust's stake in this crucial infrastructure initiative, potentially benefiting its strategic position and operational capabilities. Stakeholders should view this development positively, as it strengthens the Trust's outlook within the infrastructure sector.