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IVRCL Plans to Raise Funds for Two Units, DNA Money Reports

Aug. 23 (Bloomberg) -- IVRCL Infrastructure and Projects Ltd. plans to raise funds for two of its units, DNA Money reported, citing the chairman of one of the units.

It will raise 6 billion rupees ($129 million) through a qualified institutional placement for IVRCL Assets and Holdings Ltd. and 2.5 billion rupees for Hindustan Dorr-Oliver Ltd., the newspaper said, citing E. Sudhir Reddy, chairman of IVRCL Assets.

Link to Company News:{HDOR IN <Equity> CN <GO>} Link to Company News:{IVR IN <Equity> CN <GO>} Link to Company News:{IVRC IN <Equity> CN <GO>}

To contact the reporter on this story: Madelene Pearson in Mumbai at

To contact the editor responsible for this story: Victoria Batchelor at

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