Tulsian told CNBC-TV18, "IVRCL, very positive news. I have been playing on this news and that was the reason I was holding my positive view that once this merger will happen this will be seen quite positive for the stock, because this is not leading to any equity increase, because 75% of the stake held by IVRCL in IVRCL Assets is getting extinguished."
He further added, "The monetization of the assets will happen quite fast, because again the merged entity will now be hiving off the realty stocks held by the IVRCL Assets and other PPP projects held by the company. So the process of assets monetization will accelerate which will reduce the debt of the company in a very faster basis. Because as such if they are able to do that by about Rs 1,000-1,500 crore, I don't think that really you have any concerns on the IVRCL, because the core business model of the company is looking quite intact. Whatever losses which we have been seeing on the consolidated basis have largely been coming because of IVRCL Assets, the company which is getting merged. If you see the stand-alone performances have been quite good. Order book has been quite good. So I am quite positive with this development."
