Sadbhav Engineering is reportedly planning to raise Rs 1,500 crore through a qualified institutional placement (QIP) in the current quarter. The company will soon be selecting investment bankers for raising the funds.
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.
