Sadbhav Infrastructure Project surges on raising Rs 550 crore via debentures
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Sadbhav Infrastructure is currently trading at Rs. 20.80, up by 0.65 points or 3.23% from its previous closing of Rs. 20.15 on the BSE.
The scrip opened at Rs. 20.80 and has touched a high and low of Rs. 20.90 and Rs. 20.45 respectively. So far 3250 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 28.10 on 12-Feb-2021 and a 52 week low of Rs. 10.90 on 16-Apr-2020.
Last one week high and low of the scrip stood at Rs. 21.00 and Rs. 18.75 respectively. The current market cap of the company is Rs. 736.15 crore.
The promoters holding in the company stood at 70.31%, while Institutions and Non-Institutions held 11.03% and 18.66% respectively.
Sadbhav Infrastructure Project has raised Rs 550 crore by allotment of the Debentures on private placement basis. The company’s Board of Directors have approved allotment of 39,000 Unlisted, Unrated, Secured, Redeemable, Non-convertible Debentures of face value of Rs 1,00,000 each, aggregating up to Rs 390 crore, for cash at par, issued on a private placement basis. It also approved allotment of 16,000 Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures of a face value of Rs 1,00,000 each of an aggregate nominal value of up to Rs 160 crore, for cash at par, issued on a private placement basis.
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.
