Sadbhav Infra hits a new high
By
Research Desk
about 8 years ago
Sadbhav Infrastructure is in the limelight today. The stock hit a new 52-week high at Rs.117, up over 15%.
The market is happy with the news that the Board has approved allotment of 2000 senior, taxable, secured, rated, listed, redeemable, non-convertible debentures totally aggregating upto Rs. 200 crore. This will have a face value of Rs.10 lakh each under Tranche I comprising of the Series I Debentures, Series II Debentures, Series III Debentures and Series IV Debentures, of Rs, 50 crore each.
This apart, the company has also raised Rs.200 crore under Tranche 1 by issue of said NCDs on private placement basis. The said NCDs will be listed on 'Wholesale Debt Market' segment of the BSE.