Sadbhav Engineering has raised Rs 24 crore through Senior, Secured, Unrated, Unlisted, Redeemable, Non-convertible Debentures (NCDs) and allotted 2,400 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 March 17, 2021, has approved the same.
Sadbhav Engineering mainly operates in three core businesses namely roads, mining and irrigation.