IRB Infrastructure Developers Limited
The Government of Singapore trimmed its stake in IRB Infrastructure Developers from 1.75% to 1.71%, disposing of 45,14,792 shares in a rights issue context.
An infrastructure development and construction company, IRB Infrastructure Developers operates primarily in roads and highways across India. The company also engages in road maintenance, airport development, and real estate projects. Its vertically integrated business model, extensive sector experience, and focus on long-term infrastructure assets distinguish it in India's infrastructure development space. The company manages multiple concurrent projects nationwide.
Singapore sovereign investor (GIC), managing the Government of Singapore's foreign reserves. One of the world's largest SWFs with significant Indian equity holdings.