Sadbhav Engineering has received approval to raise funds aggregating to Rs 170 crore through allotment of 1,700 taxable, secured, rated, listed, redeemable, Non-convertible Debentures (NCDs) having face value of Rs 10 lakhs each on Private Placement basis.
The meeting of the Finance and Investment Committee of the company was held on June 22, 2018, approved the same.
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.
