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IVRCL intimates on invocation of SDR by Joint Lenders Forum

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Capital Market

Reference date is 26 November 2015

IVRCL announced that the CDR Lenders have informed the Company yesterday night i.e. 30 November 2015 that at the Joint Lenders Forum (JLF) held on 26 November 26, 2015, the Lenders have invoked Strategic Debt Restructuring (SDR) in the Company and adopted the Reference Date for the purpose as 26 November 2015. It was also decided that a senior lenders meeting will be held to decide the way forward in the same.

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First Published: Dec 01 2015 | 11:48 AM IST

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