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IVRCL informs about invocation of SDR by CDR lenders

01 Dec 2015 Evaluate

IVRCL has informed that the CDR Lenders have informed the company yesterday night i.e. November 31, 2015 that at the Joint Lenders Forum (JLF) held on November 26, 2015, the Lenders have invoked Strategic Debt Restructuring (SDR) in the Company and adopted the Reference Date for the purpose as November 26, 2015. It was also decided that a senior lenders meeting will be held to decide the way forward in the same.

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

Peers
Company Name CMP
Larsen & Toubro 3842.10
Kalpataru Projects 1357.95
NCC 118.20
Rail Vikas Nigam 186.10
KEC International 344.05
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