IRB Holding Private Limited (Formerly known as Mhaiskar Ventures Private Limited), a promoter group entity, bought 24,62,400 shares of IRB Infrastructure Developers Limited for ₹5.44 crore at ₹22.11 apiece in a market purchase, increasing its stake from 29.92% to 29.96%.
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.
