Corporate News     26-May-15
Sadbhav Engineering updates on subsidiary
Sadbhav Infrastructure Project files DRHP with SEBI
Sadbhav Engineering announced that Sadbhav Infrastructure Project, a subsidiary of Sadbhav Engineering, has filed its draft red herring prospectus with the Securities and Exchange Board of India (“SEBI”) on 26 May 2015 in order to undertake an initial public offering of its equity shares (the “Issue”).

The Issue consists of a fresh issue of equity shares of Rs. 10 each (the “Equity Shares”) aggregating up to Rs. 425 crore and an offer for sale of up to 8,102,996 Equity Shares by Xander Investment Holding XVII and up to 4,853,643 Equity Shares by Norwest Venture Partners VII-A-Mauritius.

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