New Delhi, Jan 4 (PTI) IRB Infrastructure Developers on Wednesday said its board has approved the proposal for alteration in the equity capital by split of existing share with a face value of Rs 10 per share into 10 shares with a face value of Re 1 each.

The company in a statement said it will now initiate for shareholders' approval and regulatory nods to bring the share split into effect for trading on stock exchanges.

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It has an asset base of over Rs 60,000 crore in 10 states across the parent company and two Infrastructure Investment Trusts (InvITs), IRB infrastructure said.

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