IRB INFRASTRUCTURE DEVELOPERS LTD. - Outcome of Offering Committee for QIP Meeting

IRB Infrastructure Developers Ltd has informed BSE that in respect of the QIP, the offering Committee for QIP (the "Committee") of the Company has at its meeting held on March 23, 2015, inter alia, approved the following "<BR><BR>1. The Issue price of Rs. 230.54, after giving discount of upto 5% i.e. Rs. 12.13 per Equity share, to the Floor Price of Rs. 242.67 per Equity share as per the SEBI ICDR Regulations and Shareholder's approval dated December 8, 2014, for the Equity Shares to be issued and allotted to eligible Qualified Institutional Buyers in the QIP and, <BR><BR>2. Approval of Issue of Confirmation Allocation Note for the allotment of 19,085,890 Equity Shares to the Qualified Placement Institutional Buyers. <BR><BR>3. Approved the placement Document.