IVRCL Ltd has informed BSE that it has made an allotment of 2,42,63,326 equity shares of Rs 2 each, at issue price of Rs 24.39 per share, on April 27 to its lenders.

These allotments have been made to bankers/lenders, who are all part of the Corporate Debt Restructure process of the company and those who have signed the master restructuring agreement. This allotment is towards conversion of third tranche of Fixed Income Term Loan (FITL) into equity, for the quarter ended March 31, 2015.

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