Stocks

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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 23, 2021
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.