Sadbhav Engineering on Monday said it has received ₹457.7 crore in the second tranche of payment in connection with the sale of seven road projects to Indinfravit. The company till now has received ₹1,291 crore and units of Indinfravit Trust worth ₹724.3 crore. Sadbhav Infrastructure Project, subsidiary of Sadbhav Engineering, in July 2019 had inked a pact with Indinfravit to sell 100 per cent stake in nine operational projects for an enterprise value of ₹660 crore.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.