IVRCL Ltd on Tuesday informed BSE that the company has allotted 1,94,375 equity shares of Rs 2 each at an issue price of Rs 24.39 per share to SREI Equipment Finance Ltd, a corporate debt restructure lender.
SREI was one of the lenders who had signed the master restructuring agreement during the CDR process. This allotment is towards conversion of FITL (Fixed Term Interest Loan) into equity.