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Sadbhav Infra gets second tranche for entire stake sale in 7 operational road projects

16 Mar 2020 Evaluate

Sadbhav Infrastructure Project has received Rs 457.70 crore towards second tranche in connection with the sale of entire equity share capital held by the company in seven operational road projects to the Indinfravit Trust. Balance funds are expected to be received soon. Till now, the company has received funds of Rs 1,291 crore and units of Indinfravit Trust worth Rs 724.3 crore.

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.

Peers
Company Name CMP
Larsen & Toubro 3918.50
Kalpataru Projects 1336.35
NCC 119.15
Rail Vikas Nigam 186.80
KEC International 347.60
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