Sadbhav Infra gets Rs833cr in connection with six operational road projects

Balance funds are expected to be received soon, the company said.

Feb 27, 2020 09:02 IST India Infoline News Service

Sadbhav
Sadbhav Infrastructure Project has received Rs833cr towards the first tranche in connection with the sale of entire equity share capital held by the company in six operational road projects to the Indlnfravit Trust.

“We have been credited 6.20cr units of Indinfravit Trust worth Rs724.3cr and the company has received Rs833.3cr towards 1st Tranche in connection with the sale of entire equity share capital held by the Company in six Operational Road Projects to the Indlnfravit Trust. Balance funds are expected to be received soon,” the company said.

The stock is currently trading at Rs26.15 down by Rs0.75 or 2.79% from its previous closing of Rs26.90 on the BSE. The scrip opened at Rs26.20 and has touched a high and low of Rs28.50 and Rs25.05 respectively.

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