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

  • Wealth inequality poses a bigger challenge for policy planners and economic governance

    Was garibi hatao call of Indira Gandhi ,made in the 1970s, a mere electioneering slogan?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust:The mother of all battles

Gassed out after the interminable interplay of the Yadavs in ...

Rajgopal Nidamboor

Of life’s essentiality and synchrony

It is no big deal to think of psychology as ...

Anil Dharker

No women, no Cry

EDM, as you would know if you are young, (and ...