Sadbhav Infrastructure Project Limited to raise Rs. 700 crore through NCDs

The Board of Directors of Sadbhav Infrastructure Project Limited has considered and approved the issuance of non-convertible debentures amounting up to Rs. 700,00,00,000/- (Rupees Seven Hundred Crores Only) on a private placement basis in one or more tranches / series as mentioned below:

- Up to 5,001 (Five Thousand and One) senior, taxable, secured, unrated, unlisted, redeemable, non-convertible debentures having face value of Rs. 10,00,000/- (Rupees Ten Lakhs Only) each, to the Applicants totally aggregating to Rs. 500,10,00,000/- (Rupees Five Hundred Crores and Ten Lakhs Only) on a private placement basis. ("Series A Debentures")

- Up to 1,999 (One Thousand Nine Hundred and Ninety Nine) senior, taxable, secured, rated, listed, redeemable, non-convertible debentures having face value of Rs. 10,00,000/- (Rupees Ten Lakhs Only) each to the Applicants totally, aggregating to Rs. 199,90,00,000/- (Rupees One Hundred Ninety Nine Crores and Ninety Lakhs Only) on a private placement basis. ("Series B Debentures") These Series B Debentures will be listed on 'Wholesale Debt Market' segment of the BSE Limited.

Shares of Sadbhav Infrastructure Project Ltd was last trading in BSE at Rs.19.35 as compared to the previous close of Rs. 18.05. The total number of shares traded during the day was 24987 in over 149 trades.

The stock hit an intraday high of Rs. 19.4 and intraday low of 17.6. The net turnover during the day was Rs. 465899.

Source : Equity Bulls

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