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Sadbhav Infrastructure Project Limited to raise funds of upto Rs. 700 crores through NCDs
Posted On: 2021-02-09 22:32:37 (Time Zone: Arizona, USA)
Sadbhav Infrastructure Project Limited (SIPL or Company) has executed certain Debenture Trust Deeds with the trustee in relation to certain debentures, being Catalyst Trusteeship Limited on 9th February, 2021 to raise upto Rs.700,00,00,000/- (Rupees Seven Hundred Crores only) in various tranches / series on a private placement basis, the details of which are as under:
1. Issuance of up to 5,001 (Five Thousand and One) secured, unrated, unlisted, redeemable, nonconvertible debentures by the Company having face value of ₹10,00,000/- (Rupees Ten Lakhs Only) each, aggregating to ₹500,10,00,000/- (Rupees Five Hundred Crores and Ten Lakhs Only) on a private placement basis in one or more tranches. ( Series A Debentures ).
Sadbhav Infrastructure Project Limited board to consider issue of NCDs
Posted On: 2021-01-22 08:42:22 (Time Zone: Arizona, USA)
A meeting of the Board of Directors of Sadbhav Infrastructure Project Limited will be held on Thursday, 28th January, 2021, to consider and approve the issuance of Non-Convertible Debentures amounting up to Rs. 700 Crores Only on private placement basis in one or more tranches, if required, pursuant to special resolution passed by the shareholders of the Company at the 14th Annual General Meeting held on 29th September, 2020.
Shares of Sadbhav Infrastructure Project Ltd was last trading in BSE at Rs.18.6 as compared to the previous close of Rs. 18.8. The total number of shares traded during the day was 27210 in over 159 trades.