IRCON plans to sell 100 percent stakes in four road assets
IRCON · price
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IRCON International has initiated a plan to sell its full 100 percent holdings in four completed road assets: Ircon Shivpuri Guna Tollway, Ircon PB Tollway, Ircon Davanagere Haveri Highway and Ircon Vadodara Kim Expressway. The sales will follow government asset management guidelines. No price, buyer or timeline was disclosed.
The sales could release capital and reduce debt, but no price, buyer, timeline or earnings impact was disclosed.