Asset sales to help ease debt issues, no restructuring on cards: IVRCL
IVRCL stock has seen volatility in recent days with some institutional investors choosing to exit their holdings in the stock. S Ramachandran, director for business development and strategy at the company explains that while the company is facing debt concerns, they hope to complete the sale of three road assets in the next one month, which will help reduce debt levels. He adds that IVRCL is not considering any debt restructuring at this stage.
