Sadbhav Engineering Limited raises Rs. 40 crores through NCDs

The meeting of Finance and Investment Committee of Sadbhav Engineering Limited held on today i.e. Tuesday, February 23, 2021, has approved the allotment of 4,000 (Four Thousand) Secured, Unrated, Unlisted, Redeemable, Non-convertible Debentures (NCDs) to the Applicants totally aggregating to Rs. 40,00,00,000/- (Rupees Forty Crores Only) having Face Value of Rs. 1,00,000 (Rupees One Lakh Only) each on Private Placement basis.

The Company has raised Rs. 40.00 Crores (Rupees Forty Crores Only) by allotment of the said NCDs on private placement basis.

Shares of SADBHAV ENGINEERING LTD. was last trading in BSE at Rs.73.2 as compared to the previous close of Rs. 72.45. The total number of shares traded during the day was 57040 in over 393 trades.

The stock hit an intraday high of Rs. 74.5 and intraday low of 71.3. The net turnover during the day was Rs. 4190525.

Source : Equity Bulls

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