At meeting held on 06 June 2018
The Board of Sadbhav Infrastructure Projects at its meeting held on 06 June 2018 has approved the following -Allotment of 1,900 (One Thousand Nine Hundred) senior, taxable, secured, rated, unlisted, redeemable, Non]convertible Debentures (NCDs) to the Applicants totally aggregating to Rs 190 crore having face value of Rs 10 lakhs each on Private Placement basis.
Raising of funds, inter alia, by way of issuance of securities as may be permitted under applicable laws to eligible investors and in such manner and on such price, terms and conditions, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and applicable provisions of the Companies Act, 2013 and rules issued framed thereunder and amendments thereon, the enabling provisions of the Memorandum and Articles of Association of the Company and any other provisions of applicable laws, subject to such regulatory/statutory/ approvals as may be required, including approval of the Shareholders of the Company, for an aggregate consideration of up to Rs. 3,000 crore and authorized the Finance and Investment Committee of the Board of Directors of the Company to take necessary decision(s) and actions for issuance of securities.
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