Sadbhav Infrastructure Project Ltd has announced the refinance of existing debt in Bhilwara-Rajsamanad Tollway Private Limited, a Wholly Owned subsidiary of the Company, has completed refinancing of its existing debt facilities with new debt taken from other lenders with revised terms and conditions. Salient features are:
- Reduction in the interest rates to 9.20% p.a. from the current level of 11.10% p.a.
- Extension of the repayment pattern covering the majority balance concession period (debt to be repaid before March 31, 2036)
- Issue of NCDs / bonds to infrastructure debt funds of upto Rs. 235 crores (IDF) (subject to related approvals). With this average cost of debt will reduce further.
Shares of Sadbhav Infrastructure Project Ltd was last trading in BSE at Rs.136.7 as compared to the previous close of Rs. 136.6. The total number of shares traded during the day was 17244 in over 275 trades.
The stock hit an intraday high of Rs. 144.35 and intraday low of 135. The net turnover during the day was Rs. 2415481.