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Sadbhav Engineering raises Rs 40 crore through NCDs

24 Feb 2021 Evaluate

Sadbhav Engineering has raised Rs 40 crore through Secured, Unrated, Unlisted, Redeemable, Non-convertible Debentures (NCDs) and allotted 4,000 NCDs having Face Value of Rs 1,00,000 each on Private Placement basis. The meeting of Finance and Investment Committee of the Company held on February 23, 2021, has approved the same.

Sadbhav Engineering mainly operates in three core businesses namely roads, mining and irrigation.

Peers
Company Name CMP
Larsen & Toubro 4013.90
Kalpataru Projects 1373.00
NCC 123.10
Rail Vikas Nigam 194.50
KEC International 328.90
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