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IVRCL informs about allotment of equity shares to CDR lenders

28 Nov 2015 Evaluate

IVRCL has informed that the Company has made an allotment of 2,42,26,656 equity shares of Rs 2 each, at issue price of Rs 24.39 per share, on November 27, 2015 to CDR Lenders who have signed the Master Restructuring Agreement. This allotment is towards conversion of Funded Interest Term Loan (FITL) into equity, for the period of July 01, 2015 to September 30, 2015.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Larsen & Toubro 3813.30
Kalpataru Projects 1388.00
NCC 135.45
Rail Vikas Nigam 197.60
KEC International 400.25
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