IVRCL Ltd has informed the BSE that it has made an allotment of 2.42 crore equity shares of ₹2 each, at an issue price of ₹24.39 a 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 in to equity, for the quarter ended March 31.
IVRCL allots shares to lenders
Published on
April 28, 2015 16:10