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IVRCLAH gets nod for proposed scheme of amalgamation

28 Feb 2012 Evaluate

IVRCL Assets & Holdings (IVRCLAH) has received an approval from board of directors of the company on February 27, 2012 for its proposed scheme of amalgamation between IVRCL, IVRCL Assets & Holdings, RIHIM Developers and IVRCL TLT and their respective shareholders. The scheme was approved with the requisite majority.

IVRCL Assets & Holdings is engaged in the business of urban infrastructure development, i.e. projects relating to townships, mega malls and real estate property development.

Peers
Company Name CMP
Lodha Developers 1005.65
Prestige EstatesProj 1421.00
Dilip Buildcon 381.35
DLF 664.60
Oberoi Realty 1620.20
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