IVRCL Ltd has informed the BSE that the company had allotted 1,48,25,250 equity shares of Rs 2 each on February 9, 2015 to the Corporate Debt Restructuring (CDR) lenders who had signed the Master Restructuring Agreement.
The Hyderabad-based infrastructure company has informed that this allotment is towards second part of Tranche II of conversion of Fixed Interest Term Loan (FITL) into equity for the period October 1, 2014 to December 31, 2014.