Sadbhav Infrastructure Project has raised Rs 200 crore under Tranche1 through issuance of non-convertible debentures (NCDs) on private placement basis. NCDs will be listed on 'Wholesale Debt Market' segment of the BSE.
The company has passed resolution towards approval of the allotment of 2,000 senior, taxable, secured, rated, listed, redeemable, non-convertible debentures totally aggregating up to Rs 200 crore having face value of Rs 10,00,000 each under tranche I comprising of the Series I debentures, series II Debentures, Series III Debentures and Series IV Debentures, of Rs 50 crore each.
Sadbhav Infrastructure Project is one of the leading road BOT companies in India that specializes in the development, operation and maintenance of highways, roads and related projects. The company, a subsidiary of Sadbhav Engineering (SEL), was incorporated in 2007 as a developer and operator for highways, road and related projects on a BOT basis.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
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