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.
