The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Cintra INR Investments B.V.
IRB · price
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On the reaction day the stock moved 0.9 pts more than Nifty Smallcap 250 and 0.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cintra INR Investments B.V., a non-promoter investor in IRB Infrastructure Developers, has filed a disclosure regarding the release of an encumbrance (Indemnity Non-Disposal Undertaking) covering 6,03,90,000 equity shares, which equals 10.00% of the company's share capital. This NDU was provided by the promoter group to Cintra as indemnification when Cintra subscribed to equity shares in the company (December 29, 2021). Cintra's actual voting rights holding remains unchanged at 11,96,42,120 shares (19.86%). The promoter group's separate Minimum Shareholding Obligation (25.1% declining to 10% over time) continues to apply as-is.
No change in Cintra's effective stake or voting power (still 19.86%), but the 10% share encumbrance is now released, indicating the indemnification obligation on promoters has been fulfilled. This is a procedural/technical disclosure and is unlikely to materially impact the stock price or shareholding structure.