Sadbhav Engineering Limited Board has passed a resolution through circulation on July 01, 2021, towards approval of the allotment of 3,000 Senior, Secured, Unrated, Unlisted, Redeemable, Nonconvertible Debentures (NCDs) to the Applicants, totally aggregating to Rs30cr, having to Face Value of Rs1 lakh each on Private Placement basis.
The coupon rate is 11.50% p.a. payable quarterly, starting from September 15, 2021. Date of maturity of issued NCDs is July 1, 2024.
At around 1.45 pm, Sadbhav Engineering Ltd was trading at Rs86.60 per piece down by Rs2.4 or 2.7% from its previous closing of Rs89 per piece on the BSE.
The scrip opened at Rs89.30 and has touched a high and low of Rs91.50 and Rs86.60 respectively during intraday trade on Friday.
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