India's IRB Infrastructure Developers gains after board approves monetization of non-core assets

IRB Infrastructure Developers

23/09/2026 05:36

** Shares of India's IRB Infrastructure Developers IRBI.NS rise 2.2% to 18.37 rupees
** Road and highway developer says board gives in-principle approval to monetize non-core assets
** Adds plan includes phased development of ~350 acres out of ~1,100 acres owned by unit Aryan Infrastructure Investments in India's Pune
** Co says it also plans redevelopment and rehabilitation of part of ~3,500 sq mts land parcel owned by unit Ideal Road Builders in India's Mumbai
** Stock rated "buy" on average by 5 analysts; median PT is 27 rupees - LSEG compiled data 
** Stock down 12.6% YTD 



 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))