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Sadbhav Infrastructure Project enters into debenture trust deed to raise Rs 700 crore

07 May 2021 Evaluate

Sadbhav Infrastructure Project (SIPL) has entered into the debenture trust deed to raise Rs 700 crore from the investors led by Allianz Global Investors (Allianz GI) and AMP Capital (the Investors) out of which a sum of Rs 550 crore has already been funded by the Investors. The funding has been structured with flexible repayment obligation linked to monetization of the SPVs of SIPL within a tenure of 48 months to 63 months.

Further, the company has sold 7.0% of units in IndInfravit Trust to CPP Investments for a total consideration of Rs 441 crore. SIPL continues to hold 3.0% of units in IndInfravit Trust and will continue as one of the Project Managers for IndInfravit Trust.

The above long term funding and sale of units will help the company to inter alia meet repayment of all its existing short term debt obligations and to fund the ongoing portfolio of Hybrid Annuity Model (HAM) road assets of the company. Apart from Allianz GI and AMP who are long term investors, the company will not have any third party debt except for non-fund based working capital lenders.

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.

Sadbhav Infra. Proj Share Price

2.82 0.00 (0.00%)
11-May-2026 12:54 View Price Chart
Peers
Company Name CMP
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