IRB Infra's Ganga Expressway raises Rs.261-Cr from GIC

Publicly listed IRB Infrastructure Developers-managed Ganga Expressway Project has raised equity capital of INR 261.29 crore from Singapore-based GIC (representing a 49% stake). The "Meerut Budaun Expressway, Ganga Expressway Group 1 Greenfield BOT Project" is a six-lane stretch of 129.700 kilometres, expandable to eight lanes, between Meerut and Budaun in Uttar Pradesh, with a cost outlay of INR 6,538 crore.