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Tuesday, July 01, 2014

IVRCL Ltd: Update
CMP: Rs.26.50
IVRCL Ltd has informed BSE 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.

This is a superb news for the shareholders of IVRCL Ltd who have been waiting patiently for this news; since  a long time. The share is likely to cross Rs.30 in the coming days. The next targets are: Rs.37-39-41.
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