Sadbhav Engineering raises ₹40 cr via NCDs

Our Bureau Chennai | Updated on February 23, 2021

The meeting of Finance and Investment Committee of Sadbhav Engineering Limited on Tuesday approved the allotment of 4,000 secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) to the applicants on private placement basis.

The face value of the NCD was ₹1 lakh. The company has raised ₹40 crore by allotment of the NCDs. Shares of Sadbhav Engineering closed 1.10 per cent higher at ₹73.25 on the BSE.

Published on February 23, 2021

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