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IVRCL has informed the BSE that the company has made an allotment of 1.94 lakh equity shares of ₹2 each, at an issue price of ₹24.39 a share on Tuesday to SREI Equipment Finance. A corporate debt restructure lender, SREI was one of the lenders who had signed the Master Restructuring Agreement during the CDR process. This allotment is towards conversion of fixed term interest loan into equity.
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