Brief: Sadbhav Infrastructure Projects Approves Preferential Issue
08/01/2020 09:08
Jan 8 (Reuters) - Sadbhav Infrastructure Projects Ltd
SADB.NS :
* APPROVED THE PREFERENTIAL ISSUE OF UP TO 188.8MLN UNITS TO
RAISE
UP TO 22.05 BILLION RUPEES
* EXPECTS TO RECEIVE STAKE SALE PROCEEDS OF CERTAIN ROAD
PROJECTS
ON JANUARY 31
* SAYS APPROVED PREFERENTIAL ISSUE OF UP TO 62.1 MILLION
UNITS AT
A PRICE OF 116. 75 RUPEES PER UNIT TO SIPL
Source text for Eikon: ID:nBSE6Qn8w0
Further company coverage: SADB.NS
((Reuters.Briefs@thomsonreuters.com;))
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