MoneyWorks4Me

Sadbhav Engineering inks agreement to transfer 9% shareholding of MBCPNL to DTC

18 Jan 2017 Evaluate

Sadbhav Engineering along with Sadbhav Infrastructure Project (SIPL) (a subsidiary company) has entered into a share purchase cum shareholders’ cum subordinate debt agreement with D. Thakkar Construction and DTC Toll Projects (DTC) where it has been agreed to transfer 9% of shareholding of Maharashtra Border Check Post Network (MBCPNL) (a step down subsidiary company) to DTC as against 21.805% agreed earlier.

Sadbhav Engineering is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining. 



Peers
Company Name CMP
Larsen & Toubro 3928.00
Kalpataru Projects 1412.20
NCC 136.00
Rail Vikas Nigam 211.60
KEC International 402.35
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