In December last year, Union minister for road transport and highways Nitin Gadkar had informed the Parliament that the ministry has 318 ongoing arbitration cases worth nearly Rs 80,000 crore
It said the NCDs will bear current interest rate of 11.75% per annum
TOT is an asset monetisation model, where the government transfers the right to operate and maintain a highway to successful bidder for a period of 30 years.
The stock of the roads and highways construction company was trading at its lowest level since August 2013.
The portfolio spans across assets in Haryana, Uttar Pradesh, Rajasthan, Gujarat, Maharashtra, and Karnataka
The IPO commands a price band of Rs 100-102 per unit
Extended monsoon impacted Q2 show, particularly for the construction segment, leading to its performance missing estimates after many quarters
Outlook is improving with high debt, dismal order book being addressed
Thus far in September 2016, the stock has outperformed the market by surging 17% as compared to 0.33% decline in the S&P BSE Sensex
Sebi has granted certification of registration to IRB InvIT Fund.