Lenders of debt-ridden infrastructure firm IVRCL have decided to convert part of their loans to the highway developer into a 51 per cent or more equity holding. The joint lenders forum have approved strategic debt restructuring (SDR) in the company. The SDR will be done in tranches at a price of Rs.8.765 per equity share of face value of `2 each, the company said in a BSE filing.
FlashNews:
Delhi Airport Expands Domestic Network to 90 Destinations with Launch of Direct Flights to Daman
Jupiter Wagons, Lucchini RS to Build India’s First Fully Integrated Private‑Sector Railwheel Manufacturing Platform
Willie Walsh Takes Charge as IndiGo CEO
Indian Railways Posts 9% Freight Growth in July 2026
PM Modi Dedicates POWERGRID Transmission Projects for Clean Energy in Andhra Pradesh
AM/NS India Highlights Long‑Life Solar Infrastructure with Magnelis for 300 GW Ambition
RECPDCL Hands Over Ryapte Transmission SPV to Tata Power
India’s Rooftop Solar Push Accelerates as PM Surya Ghar Nears 5 Million Homes
PM Modi Looks East to Future After Bhogapuram Airport Unveiling
India Approves ₹50.7 Billion Scheme for Floating Solar Projects with Energy Storage
Air India, SkyDrive, and Suzuki Join Forces to Explore eVTOL Medical Logistics in India
REC, PFC Seal ₹268.5 Billion Loan Deal for 2,400 MW Meja Thermal Project
Tata Power Renewables Breaks Ground on 800 MW Hybrid Project in Andhra Pradesh
RECPDCL Transfers Two Key Power Transmission SPVs to Power Grid and Terralight Solar
Inox Wind Wins ₹16 Billion Repeat Order from NLC India for 200 MW Project
GAIL and RCF Ink Pact to Build 1.27 MMTPA Gas‑Based Fertiliser Plant in Maharashtra
Texmaco, Touax, TrinityRail JV to Invest ₹18 Billion in 100 Rakes to Boost Railcar Leasing
India’s Aviation Minister Pushes Cost‑Effective SAF Rollout From 2027
Vedanta Uses 4 Billion Units of Clean Energy in FY2026, Cuts Emissions
Home » IVRCL lenders to convert loans
IVRCL lenders to convert loans
Infrastructure Finance
March 1, 2016March 1, 2016
Leave a Reply
You must be logged in to post a comment.