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Sadbhav Infrastructure raises Rs 700 cr via NCDs ANI | Updated: Feb 10, 2021 11:19 IST
Ahmedabad (Gujarat) [India], February 10 (ANI): Sadbhav Infrastructure Project Ltd said on Wednesday it has executed debenture trust deeds with Catalyst Trusteeship Ltd to raise up to Rs 700 crore in various tranches and series on a private placement basis.
The proposed long-term funding is in the form of non-convertible debentures with a tenure of more than four years. The investor consortium was led by Allianz Global Investors and AMP Capital. The investment will infuse sufficient liquidity into the company and provide resilience and necessary financial strength to our balance sheet over the long term, said Managing Director Vasistha C Patel.