Sadbhav Engineering approves ₹1,000 cr debt restructuring plan
after close1 source ↓written by the desknot a recommendation
- debt restructuring plan
- ₹1,000 cr
- of fund-based debt
- ₹890 cr
- includes two tranches
- ₹454 cr
- 9% p.a.
- ₹436 cr
Sadbhav Engineering's board has approved a ₹1,000 cr debt restructuring plan, converting ₹890 cr of fund-based debt into non-convertible debentures (NCDs). The plan includes two tranches: ₹454 cr at 9% p.a. and ₹436 cr at 0.01% p.a. This move aims to stabilize the company's financial position and enhance liquidity.
The restructuring may improve market sentiment and investor confidence in the company as it seeks to manage its debt effectively.
Not investment advice. For informational purposes only.