IRB Infra shares look set to snap 7-day losing run as board approves monetising non-core assets | All details here
AI Summary
IRB Infra's decision to monetize non-core assets could signal a strategic shift aimed at improving cash flows, which may restore investor confidence after a prolonged period of underperformance. Retail investors should monitor how effectively the company executes this strategy, as successful asset monetization could provide a much-needed boost to its financial health and stock performance. Given the recent volatility and negative returns, this move may be a pivotal moment for the company, especially in the context of a broader trend of infrastructure firms seeking to optimize their asset portfolios.
IRB Infra shares looked set to snap their 7-day losing run on Wednesday, 23 September, after the company's board approved monetising non-core assets. IRB Infrastructure Developers' share price opened at ₹18.32 against its previous close of ₹17.98 and rose by 3.5% to an intraday high of ₹18.61, looking set to snap its seven-day losing streak.
In an exchange filing after market hours on 22 September, IRB Infra said its board on the same day had given in–principle approval and authorised the company to monetise non-core assets, through phased development of land parcels of nearly 350 acres out of a total of about 1,100 acres owned by Aryan Infrastructure Investments Private Limited at Taje and Pimpaloli villages in Pune.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 23 September 2026.
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