IVRCL sale: Liquidator seeks EoI from prospective bidders

Our Bureau Updated - November 22, 2021 at 11:56 AM.

Third e-auction is scheduled for December 15, 2021

HYDERABAD (AP) -04-04-2012 - BL/ REPORT: V. RISHI KUMAR : HOSTILE TAKEOVER ? -The corporate headquarters of the IVRCL in Hyderabad on Wednesday . Essel Group confirms take over of the IVRCL. PHOTO: P.V.SIVAKUMAR .

Sutanu Sinha, Liquidator, IVRCL Limited, appointed by the NCLT, has invited Expression of Interest from prospective bidders for the purpose of submission of bid in respect of the sale of IVRCL Limited as a going concern under the insolvency rules.

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“The Third E-Auction is scheduled on December 15, 2021. The qualified bidders who meet the Pre-Bid Qualifications and Eligibility Criteria can participate in the Third E-Auction, by bidding for at least the Reserve Price, i.e., ₹1,200 crore,” the company said in a stock exchange filing.

Published on November 22, 2021 06:26