Brief: Sadbhav Infrastructure Projects Gets Final Nod For Transfer Of 8 SPVs
14/01/2020 06:03
Jan 14 (Reuters) - Sadbhav Infrastructure Projects Ltd
SADB.NS :
* GETS FINAL APPROVAL FROM VARIOUS AUTHORITIES FOR TRANSFER
OF
100% STAKE OF 8 SPVS
* TRANSFER TO INDINFRAVIT TRUST
* AUTHORITY APPROVAL FOR AHMEDABAD RING ROAD INFRASTRUCTURE
LTD
UNDER PROCESS AND AT AN ADVANCED STAGE
* CLOSURE OF ABOVE EIGHT SPVS IS INDEPENDENT OF ARRIL
* EXPECTS TO RECEIVE SALE PROCEEDS OF 8 SPVS ON JANUARY 31
Source text for Eikon: ID:nBSE7W0xwx
Further company coverage: SADB.NS
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