Why IRB Infra stock declined on the day of InvIT listing?
Increased risk exposure from ongoing projects could be one of the reasons
The IRB Infrastructure Investment Trust (Inv-IT) traded flat on the day of its listing, close to the higher end of the IPO, at Rs 102. In contrast, the stock of IRB Infrastructure, the parent company which is the sponsor of this investment trust, was down more than 6 per cent on Thursday. IRB InvIT is the first of its kind infrastructure investment trust listed on Indian exchanges. By transfer...
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