IVRCL Assets Plans 6-Billion Rupee Share Sale for Expansion, Times Reports

IVRCL Assets & Holdings Ltd. plans to raise 6 billion rupees ($135 million) selling shares to large investors to finance expansion, the Economic Times reported, citing S. Ramachandran, a company director. The company may sell as much as a 49 percent stake in three of its road projects, the newspaper reported.

To contact the reporter on this story: Thomas Abraham in Mumbai at tabraham4@bloomberg.net

To contact the editor responsible for this story: Victoria Richards at vrichards@bloomberg.net

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