What will happen to IVRCL?

What will happen to IVRCL?

IVRCL was pushed into liquidation after lenders rejected two separate resolution plans submitted by Shankar Sharma promoted First Global Finance Pvt Ltd and by Phoenix Asset Reconstruction Company in partnership with Devina Mehra, according to a liquidation order dated July 26, 2019.

Who is the owner of IVRCL?

E Sudhir Reddy
You can view name of Chairman, CEO, CFO, Management Team, Board of Directors and Key Executives of IVRCL Ltd….PREMARKET.

Management
E Sudhir Reddy	Chairman & Managing Director
L Raghu Rami Reddy	Chief Financial Officer
M Hima Bindu	Independent Director

Is Ivrcl delisted?

Public Announcement – Delisting IVRCLINFRA : Members of the Exchange are hereby informed that the Exchange on August 27, 2020 has issued public notice in the newspaper for proposed compulsory delisting of equity shares of the company, in term of Regulation 22 (3) of SEBI (Delisting of Equity shares) Regulation, 2009.

How do I sell a delisted stock?

If you own delisted shares, you can still sell them on the Over-the-Counter Bulletin Board (OTCBB) or on the Pink Sheets, which have more relaxed regulations and few listing requirements. OTC trading is volatile, and this level of risk is typically not suitable for beginning investors.

How do I sell OTC stock?

If you go with a real-world full-service brokerage, you can buy and sell OTC stocks. The broker will place the order with the market maker for the stock you want to buy or sell. Bid and ask quotes can be monitored constantly through the Over-the-Counter Bulletin Board (OTCBB).

Can a delisted stock come back?

A delisted stock can theoretically be relisted on a major exchange, but it’s rare. The delisted company would have to avoid bankruptcy, solve the issue that forced the delisting, and again become compliant with the exchange’s standards.

Is delisting good or bad?

Exchange-Initiated Delisting When a company is involuntarily delisted, it is often a bad sign of money or managerial trouble, and it often causes the stock price to fall.

Can I make money on OTC stocks?

OTC stocks, often synonymous with penny stocks because many trade for less than $1, can be tempting for investors. OTC stocks allow investors to buy a lot of shares for little money, which could turn into large sums should the company become highly successful.

Are OTC stocks safe?

With the exception of some large foreign firms, investors should generally avoid stocks that trade over-the-counter. Penny stocks – those that trade for low prices, often less than a dollar per share – are dangerous. Call them penny stocks, microcaps or OTC stocks; by any name, they’re bad news.

How do I sell shares after delisting?

If a company is delisted, you are still a shareholder, to the extent of a number of shares held. And yet, you cannot sell those shares on any exchange. However, you can sell it on the over-the-counter market. This means you can look for a buyer outside the stock exchange.

Can a company relist after delisting?

Can a delisted stock be relisted? A delisted stock can theoretically be relisted on a major exchange, but it’s rare. The delisted company would have to avoid bankruptcy, solve the issue that forced the delisting, and again become compliant with the exchange’s standards.

Can delisted stock come back?

Why choose IVRCL?

IVRCL has an array of end to end capabilities in project management and service offerings across the value chain ranging from conceptualization to commissioning. Four Laning of Baramati – Phaltan Road SH10 (Ch.42/400 to 64/300) and Phaltan – Lonand Shirwal Road SH70 (Ch.136/00 to 80/00) (total length=77.900 Kms.) on DBFOT Basis.

When will the second e-auction process for IVRCL Limited be published?

Second Addendum to Advertisement published on June 16th 2021 and First Addendum published on 16th July 2021 for Invitation for expressions of interest to submit bid for IVRCL Limited under liquidation as going concern (Second E-auction Process)

What is the Sripada Sagar Project?

Sripada Sagar Project – Stage II, Phase I, Near Yellampalli (V) in Karimnagar District for Sripada Project Circle, Mancherial Survey, Investigation, Design, Supply, Installation, Testing and Commissioning of Head works including providing power supply with 5 year operation and maintenance under Tubchi-Babaleshwar LIS on Turn-key Basis

What are the coal power projects in Rajasthan?

River Water System for 2×600 MW Coal Based Kali Sindh Thermal Power Project, Jhalawar on Turnkey Basis for Rajasthan Rajya Vidyut Utpadan Nigam Limited CW Duct replacement package for Singrauli Super Thermal Power Station Stage-I (5×200 MW) for NTPC