Loan & Debt25 Aug 2026, 07:31 pm
Sadbhav Engineering Allots ₹167.86 Cr in NCDs to State Bank of India & ICICI Bank
AI Summary
Sadbhav Engineering Limited has announced the allotment of Non-Convertible Debentures (NCDs) worth ₹167.86 crore to its existing lenders, State Bank of India and ICICI Bank Limited. This allotment is part of the company's resolution plan and the execution of an MRA. The NCDs are divided into two tranches: NCD-I for ₹85.61 crore and NCD-II for ₹82.25 crore. These are unlisted, secured, taxable, redeemable debentures issued at par on a private placement basis. The meeting of the Finance and Investment Committee, which approved the allotment, was held on August 25, 2026.
Key Highlights
- Allotment of NCDs worth ₹167.86 crore to SBI and ICICI Bank.
- Debentures issued as part of company's resolution plan.
- Two tranches of NCDs issued on private placement basis.
- Interest rates vary: 9% p.a. for NCD-I and 0.01% p.a. for NCD-II.
- Maturity dates are March 31, 2031, and March 31, 2034.
Price Impact
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