India: ICICI raises stake in troubled infrastructure company IVRCL to 11.43%

India: ICICI raises stake in troubled infrastructure company IVRCL to 11.43%

ICICI Bank Ltd, one of the lenders to IVRCL Ltd, has increased its stake in the troubled infrastructure company to 11.43% as part of the strategic debt restructuring (SDR) scheme. The bank on Monday informed the stock exchange about acquiring 39.91 million equity shares. Prior to the additional acquisition, the bank held 5.03%.

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