MoneyWorks4Me

Sadbhav Infrastructure Project’s Promoter increases stake in the company

19 Jul 2018 Evaluate

Sadbhav Infrastructure Project’s Promoter -- Sadbhav Engineering has purchased 368917 equity shares of the company through open market purchase during the period July 13, 2018 to July 16, 2018.

Earlier to this acquisition, the company had a stake of 68.92% or 242756471 equity shares which has increased to 69.02% or 243125388 equity shares.

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.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1447.10
NCC 137.00
Rail Vikas Nigam 210.30
KEC International 402.50
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