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India’s Sadbhav will consider Rs. 500 million debenture placement
By Tali Rackner
Norfolk, Va., March 15 – Sadbhav Infrastructure Project Ltd. informed the Bombay Stock Exchange that its finance and investment committee will meet on Monday to consider a private placement of Rs. 500 million of nonconvertible debentures.
The issue would be made pursuant to a special resolution passed by company shareholders at the Sept. 28 annual general meeting.
The issuer is a subsidiary of Sadbhav Engineering Ltd., a civil engineering company based in Ahmedabad, India.
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