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14-Sep2018

Sadbhav Engineering raises Rs 190 crore via NCDs

Sadbhav Engineering has raised funds aggregating to Rs 190 crore by allotment of the Non-Convertible Debentures (NCDs) on private placement basis. The said NCDs will be listed on 'Wholesale Debt Market' segment of the BSE.

The meeting of Finance and Investment Committee of the company held on September 14, 2018, has approved allotment of 1,900 Senior, Unsecured, Listed, Redeemable, Non-convertible Debentures (NCDs) to the Applicants totally aggregating to Rs 190 crore having face value of Rs. 10,00,000.

Sadbhav Engineering is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.


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