IRB Infrastructure Developers Ltd has completed the equity fund-raise of Rs 5,347 crore from Cintra INR Investments BV and Bricklayers Investments Pte.

This is the largest equity fund mobilisation by a domestic highways infrastructure developer.

In October, the company had announced the infusion through preferential shares allotment to Cintra which is a 100 per cent subsidiary of Cintra Global S.E, an arm of Ferrovial S.A., Spain, a global infrastructure giant. Bricklayers is a 100 per cent subsidiary of GIC, Sovereign Wealth Fund of the Singapore government.

Under the deal, Cintra has invested Rs 3,180 crore through preferential placement, thus having a stake of up to 24.9 per cent in the company. On the other hand, Bricklayers invested Rs 2,167 crore which translates to a holding of up to 16.9 per cent stake in IRB Infrastructure Developers.

Cintra has nominated Jose Tamariz Martel Goncer as a non-retiring additional non-executive director and Carlos Ugarte Cruz Coke as an additional non-executive director.