IRB Infra Approves Amalgamation of 9 Subsidiaries

IRB Infrastructure Developers Ltd announced its Board of Directors has approved a Scheme of Amalgamation involving nine wholly-owned subsidiaries: ATR Infrastructure, Aryan Toll Road, Aryan Hospitality, IRB Goa Tollway, IRB Infra Industries, GE1 Expressway, IRB PS Highway, Mhaiskar Infrastructure, and Thane Ghodbunder Toll Road. The amalgamation aims to simplify the group structure, enhance operational efficiencies, optimize resource utilization, and reduce administrative costs. As the subsidiaries are wholly-owned, no shares or consideration will be issued by IRB Infrastructure Developers Ltd, resulting in no change to its shareholding pattern. The scheme is subject to regulatory approvals, including from the National Company Law Tribunal.