Indian infra company IVRCL to sell $150m worth assets to pare debt

Indian infra company IVRCL to sell $150m worth assets to pare debt

IVRCL chairman Sudhir Reddy had last year said that the company had put Rs.4,000 crore worth of assets on the block and was expecting to exit its debt troubles within two years. Photo: Mint

IVRCL Ltd, considered one of the hottest firms in the infrastructure business a decade ago and which fell on tough times, is close to raising around $150 million (Rs.1,000 crore) by selling some of its assets, according to two people familiar with the matter who asked not to be identified.

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