IVRCL shares up 5% on bourses

Tags: News
Shares of IVRCL today rose by 5 per cent after the Corporate Debt Restructuring Empowered Group (CDR EG) approved the CDR proposal submitted by the company.

The construction and engineering major's shares ended the day 4.91 per cent higher at Rs 27.80 -- its upper circuit limit for the day on the BSE.

At the NSE, the stock closed the day at Rs 27.75, with a gain of 4.91 per cent.

IVRCL Ltd had informed BSE yesterday that the Corporate Debt Restructuring Empowered Group (CDR EG), at its meeting held on June 28, 2014, have approved the Corporate Debt Restructuring proposal submitted by the company.

The Board of Directors of the company in its meeting held on June 30, 2014 passed necessary resolutions for the implementation of the approved corporate debt restructuring scheme and also to obtain the shareholders approval for passing the necessary resolutions, it had said.

EDITORIAL OF THE DAY

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture