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.