ICICI Bank has increased its holding in the debt-laden IVRCL to 11.43% by acquiring a fresh 39.91 million shares amounting to 7.3% of the equity share capital of the company. Prior to the fresh acquisition, the bank held 22.57 million equity shares or 5.03% of the total equity capital at that point of time.
The bank has acquired the shares on a cumulative basis under the terms of the Strategic Debt Restructuring (SDR) between June 25, 2015 to April 13, 2016.
