
Clarification29 Oct 2026, 03:36 pm
IRB InvIT Fund: No Deviation in Use of Proceeds for Q2 FY27
AI Summary
IRB InvIT Fund has reported no deviation or variation in the use of proceeds from its Institutional Placement and Preferential Issue for the quarter ended September 30, 2026. Funds raised through the Institutional Placement amounted to Rs. 20,000 million, and Rs. 3,510 million (Rs. 3,510,00,000) through Preferential Issue. The utilization of these funds aligns with the objects outlined in the respective placement documents and explanatory statements. The company has provided separate statements (Annexure A and Annexure B) detailing the adherence to the stated purposes for both fundraising methods.
Key Highlights
- No deviation reported in the use of funds raised via Institutional Placement.
- No deviation reported in the use of funds raised via Preferential Issue.
- Funds raised were utilized as per the stated objects in placement documents.
- Reporting covers the quarter ended September 30, 2026.
Price Impact
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