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IVRCL SALES
IVRCL's liquidation process takes a hit after bidder defaults on ₹1,200 crore paymentThe six-year liquidation of IVRCL Ltd has stalled. P Prasad Reddy, the successful bidder, failed to pay Rs 1,200 crore. Lenders have replac...- IVRCL soars 20% on selling entire stake in 2 armsThe Hyderabad-based company had invested Rs 178.18 crore in STL and Rs 93.85 crore in KTL as on March 31, 2017.
- IVRCL hopes to cut debt by Rs 2500 crore via asset sale by MarchThe accumulated losses of the company currently stood at Rs 800 crore and has a debt of Rs 6,500 crore on consolidated basis.
- IVRCL rallies over 8% on assets sale plan to pare debtIt has put up Rs 4,000 crore worth of assets for sale and expects to come out of debt burden in the next two years once the sale is success...
- IVRCL puts up Rs 4,000 crore assets for sale to ease debt burdenCorporate Debt Restructuring Empowered Group had earlier approved the company's proposal for a debt recast package of Rs 7,300 crore.
- Rating downgrade of desalination plant may derail IVRCL’s exit planIndia Ratings cites delay in servicing debts for downgrade; IVRCL, which owns three-fourths of the plant, was planning exit.
- India Ratings downgrades IVRCL desalination project"A one-day default should not change the sales prospects of such lucrative asset. However, one has to see what valuations they can get," sa...
- IVRCL to sell assets including Chennai Desalination Plant and Jalandhar-Amritsar Highway projectInfrastructure major IVRCL plans to sell some more assets as part of its second round of debt-reduction exercise.
- Brokerage views on DLF, IVRCL, Nagarjuna ConstructionIndian markets are moving in a range with a negative bias. Following are the latest recommendations by brokerages on select stocks.
- IVRCL sales fall due to delay in major projectsAlthough, it is reasonable in the infrastructure industry, its low operating profits wipe out any possibility of profitability.
- Post Essel Group's exit, IVRCL still looks attractiveThe stock price of IVRCL has seen a roller coaster ride after Subash Chandra promoted Essel group bought shares in March this year.
- IVRCL plunges over 9 per cent as Essel Group offloads sharesShares of IVRCL today plunged over 9 per cent after Essel Group pared its stake in the company with sale of shares worth nearly Rs 68 crore.
- Essel Group offloads IVRCL shares worth Rs 68 croreEssel Group pared its stake in IVRCL around 6 months after it expressed interest in raising its holding in the infra firm.
- IVRCL Q4 net slumps over 92 pc to Rs 4.94 croreLeading infrastructure firm IVRCL Ltd today reported a steep decline of over 92 per cent in its standalone net profit to Rs 4.94 crore for ...
- IVRCL promoter Sudhir Reddy plans to sue UBS over Essel bidThe founder of IVRCL is directing his ire at Swiss banking group UBS, drawing it into a rancourous blame game with Subhash Chandra of the E...
- Essel says not buying more IVRCL sharesEssel also implied that IVRCL's promoters led by Reddy were initially keen to sell their stake but at a price that was not acceptable to it.
- IVRCL rallying support from Andhra infra companies to avert takeover by EsselHalf a dozen AP infra cos have shown solidarity with Sudhir Reddy & are willing to lend the money he could need to fend off Essel.
- Buy IVRCL and Gammon India: Fayeza HafizeeThere are issues on execution on margins etc., but the stock prices have suffered enough and from current levels.
- IVRCL Assets plans Rs 600-cr QIP, stake saleIVRCL Assets and Holdings may sell up to 49% stake in three of its road projects to garner funds for future projects and raise Rs600 crore ...
- IVRCL a good bet: Sharmila JoshiSharmila Joshi, Co-Head PCG Sales, Emkay Global Financial Services talks to ET Now about IVRCL.
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