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Thursday, December 30, 2021

IVRCL sold for Rs 1200 crore in liquidation to Hyderabad based businessman

IVRCL was pushed into liquidation after lenders rejected two separate resolution plans submitted by Shankar Sharma promoted First Global Finance Pvt Ltd and by Phoenix Asset Reconstruction Company in partnership with Devina Mehra, according to a liquidation order dated July 26, 2019.

from Markets-Economic Times https://ift.tt/32RzVgR
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