Sadbhav Infrastructure Project has received approval to raise funds aggregating to Rs 190 crore through allotment of 1,900 senior, taxable, secured, rated, unlisted, redeemable, Non?convertible Debentures (NCDs), having a face value of Rs 10 lakh each on Private Placement basis. The meeting of the Board of Directors of the company held on June 06, 2018, approved the same. The board also gave its approval to raise funds aggregating amount up to Rs 3,000 crore through issue of securities.
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.
