Market ahead: Ahead of Market: 12 things that will decide stock action on Friday indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Australia’s AMP Capital proposes $73m investment in India’s Sadbhav Infrastructure
Photo: Engin Akyurt / Unsplash.com
May 7, 2021
AMP Capital, a global investment manager owned by Australian retail and corporate pension conglomerate AMP Group, is making its first infrastructure debt investment in India by proposing a $73 million investment in listed firm Sadbhav Infrastructure.
The investment, which will be in the form of non-convertible debt debentures on a private placement basis, will be a first in India for AMP Capital’s recently established Infrastructure Debt Asia strategy.
AMP Capital earlier said its new Infrastructure Debt Asia strategy seeks to help investors from around the world capitalise on emerging growth opportunities in the region, as demand for basic infrastructure in developing economies continues to increase.
Ahead of Market: 12 things that will decide stock action on Friday
SECTIONS
Share
Synopsis
Aditya Agarwala of YES Securities said, “The index has taken support at 14,300 level. The lower end of the broad trading range, which also happens to be the trendline support.”
Mazhar Mohammad of Chartviewindia.in said that a smart recovery from day s low of 14,353 levels depicted a Hammer-like formation, as the bulls tried to chalk out a near-term bottom around 14,300 level.
Related
NSE
Explore Now
NEW DELHI: Nifty had a gap-up opening on Thursday and traded in a volatile range before making a 230-points rebound to close higher for the second consecutive day. The headline index formed a hammer-like pattern on the daily chart.
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.
Sadbhav Engineering lowest bidder for Rs 780 crore Surat Metro project ANI | Updated: Dec 22, 2020 13:46 IST
Ahmedabad (Gujarat) [India], Dec 22 (ANI): Infrastructure major Sadbhav Engineering has emerged as the lowest bidder by the Gujarat Metro Rail Corporation for a Rs 779.83 project in Surat.
The project involves construction of 11.6 km elevated viaduct near Dream City and 10 stations for Surat Metro rail project.
It will be executed in 30 months by the joint venture company in which Sadbhav Engineering holds 74 per cent stake and S P Singla Constructions the balance 26 per cent. The letter of award is expected soon from Gujarat Metro Rail Corporation, Sadbhav Engineering said in a statement on Tuesday.