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Sadbhav Infrastructure raises Rs 1141 cr for ST debt repayment and funding HAM portfolio


Through NCD issuance and sale of units of IndInfravitSadbhav Infrastructure Projects (SIPL) has entered into the Debenture
Trust Deed to raise Rs 700 crore from the investors led by Allianz Global Investors (Allianz GI) and AMP Capital (the Investors) out of which a sum of Rs 550 crore has already been funded by the Investors. The funding has been structured with flexible repayment obligation linked to
monetization of the SPVs of SIPL within a tenure of 48 months to 63 months.
Further SIPL has sold 7.0% of units in IndInfravit Trust to CPP Investments for a total consideration of Rs 441 crore. SIPL continues to hold 3.0% of units in IndInfravit Trust and will continue as one of the Project Managers for IndInfravit Trust. ....

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Adani Enterprises unit incorporates wholly-owned subsidiary


Adani Road Transport (ARTL), a wholly-owned subsidiary (WOS) of Adani Enterprises, has incorporated a WOS namely, Badakumari Karki Road, on 12 April 2021.
Badakumari Karki Road is yet to commence its business operations. Its objective is to carry out the development, operation, maintenance and management of a road project, which entails development of six lane Badakumari-Karki section of NH-130-CD Road under Raipur- Visakhapatnam Economic Corridor in Odisha on Hybrid Annuity Mode.
Adani Enterprises consolidated net profit skid 11.1% to Rs 286.60 crore on 6.1% rise in net sales to Rs 11,620.45 crore in Q3 December 2020 over Q3 December 2019.
Adani Enterprises is the flagship company of Adani Group, one of India s largest business conglomerates. ....

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