India’s Sadbhav board to consider Rs. 1.9 billion debenture placement

By Sarah Lizee

Olympia, Wash., May 31 – Sadbhav Infrastructure Project Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Wednesday to consider allotting Rs. 1.9 billion of nonconvertible debentures.

The debentures would be issued by way of private placement.

Additionally, the company said it will consider approval of raising funds by issuing foreign currency convertible bonds, fully convertible debentures, partly convertible debentures, preference shares convertible into equity shares, equity shares, Global Depositary Receipts, American Depositary Receipts and/or any security convertible into equity shares or a combination of these.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.