IRB Infra acquires MVR Tollways for Rs 130 crore
May 14, 2012
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IRB Infrastructure said it acquired 100 percent stake in road BOT firm MVR Infrastructure and Tollways in Tamil Nadu for about Rs 130 crore.
“This is the first time that any company has acquired a road BOT company. Going forward, we will continue to look at such opportunities,” IRB Infrastructure Chief Financial Officer Anil Yadav told PTI here.
Source: http://articles.economictimes.indiatimes.com
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