For Quick Alerts
For Daily Alerts

Essel Group hikes stake in IVRCL

Essel Group hikes stake in IVRCL
The Essel Group has hiked its stake in the Hyderabad based IVRCL to more than 12%. The hikes in the last few days signifies the prospects of a hostile takeover of IVRCL. However, the Essel group which also owns Zee Entertainment hardly have any experience in the business.

IVRCL has risen steadily in the last few days on sustained buying. The shares closed at Rs 71.20 on Wednesday on the BSE.

The Hyderabad based IVRCL has strong presence in core infrastructure areas like water and environment, transportation, buildings and power. It remains to be seen if there is a hostile bid on the company.

Read more about: bse essel group ivrcl
Story first published: Thursday, April 5, 2012, 12:28 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more