Sadbhav Tumkur Highway Private Limited (a Wholly Owned Subsidiary of Sadbhav Infrastructure Project Ltd or SPV) has executed Supplementary Agreement to Concession Agreement with National Highways Authority of India (NHAI) towards termination of Concession Agreement dated 4th May, 2018 due to non-availability of required 80% of right of way by NHAI within stipulated time period. With this, Concession Agreement with NHAI dated 4th May, 2018 shall cease to be in existence and will be treated as terminated with mutual consent of the parties without any outstanding claims on each other.
Shares of Sadbhav Infrastructure Project Ltd was last trading in BSE at Rs.34 as compared to the previous close of Rs. 36.35. The total number of shares traded during the day was 2917 in over 508 trades.
The stock hit an intraday high of Rs. 36.5 and intraday low of 34. The net turnover during the day was Rs. 102819.