IVRCL Ltd has informed the BSE that it has made an allotment of 3,86,92,173 equity shares of Rs 2 each on January 29 to the Corporate Debt Restructure (CDR) Lenders who had signed the Master Restructuring Agreement.
This allotment is towards second tranche of conversion of FITL (Fixed Interest Term Loan) into equity for the period from October 1, 2014 to December 31, 2014.