India’s Sadbhav Engineering issues Rs. 1.9 billion of debentures

By Sarah Lizee

Olympia, Wash., Sept. 14 – Sadbhav Engineering Ltd. informed the Bombay Stock Exchange that it allotted Rs. 1.9 billion of senior unsecured redeemable nonconvertible debentures.

The 1,900 debentures, with a face value of Rs. 1 million each, were issued in a private placement.

The debentures will be listed on the wholesale debt market segment of the BSE Ltd.

The issue was approved by the company’s finance and investment committee at a meeting held on Friday, according to the notice.

Sadbhav is a civil engineering company based in Ahmedabad, India.

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