Hope to bring down consolidated debt by 25%: IVRCL

In an exclusive interview to CNBC-TV18, S Ramachandran, director of business development at IVRCL said that they are hoping to bring down the consolidated debt of the company by 25%.

February 03, 2012 / 14:46 IST

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IVRCL is in the market to sell a few assets, and hopes to end the deal by March end, said S Ramachandran, director of business development.

In an exclusive interview to CNBC-TV18, Ramachandran said that they hope to bring down the consolidated debt of the company by 25%. IVRCL Assets and Holdings currently has debt of Rs.700 crore on its books.

Ramachandran goes on to say that it is still difficult to get funding from banks, which is why they are opting to sell their assets.

first published: Feb 3, 2012 11:14 am

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Hope to bring down consolidated debt by 25%: IVRCL

In an exclusive interview to CNBC-TV18, S Ramachandran, director of business development at IVRCL said that they are hoping to bring down the consolidated debt of the company by 25%.

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