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IVRCL Ltd has informed BSE that the company Board will consider the proposal of raising funds by issue of equity shares preferably on rights basis or by any other permissible means.
The Board of Directors of the Hyderabad-based construction and infrastructure company is slated to meet on May 30 to finalise the company accounts and also consider payment of dividend, if any.
The company is in the process of restructure of the finances and has sought to go in for corporate debt restructure. The process is now underway and is likely to be announced shortly.
As a part of the CDR process, the company may also have to consider allotment of preferential shares to some of the lenders, which is generally part of the package.
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