India’s Sadbhav Infrastructure issues Rs. 1.7 billion of debentures

By Tali Rackner

Minneapolis, April 23 – Sadbhav Infrastructure Project Ltd. informed the Bombay Stock Exchange that it allotted Rs. 1.7 billion of senior taxable secured redeemable nonconvertible debentures.

The rated and listed debentures were issued on a private placement basis.

The company’s finance and investment committee approved the issue at a meeting on Monday.

The debentures will be listed on the wholesale debt market segment of the Bombay Stock Exchange.

The issuer develops, operates and maintains road infrastructure assets. It is a subsidiary of Sadbhav Engineering Ltd., a civil engineering company based in Ahmedabad, India.

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