Sadbhav Infrastructure Project signs share purchase agreement with HCC Concessions
Sadbhav Engineering (SEL) announced that Sadbhav Infrastructure Project (SIPL) has signed definitive Share Purchase Agreement for acquisition of 60% equity stake from HCC Concessions, a group company of Hindustan Construction Company in Dhule Palesnar Tollway. Post completion of the acquisition from HCC Group and transfer of holding by SEL to SIPL, SIPL will become 100% owner of Dhule Palesnar Tollway. The purchase consideration for the acquisition will be Rs 203.97 crore. Further, upon simultaneously getting outstanding dues from HCC Group, net cash flow to Sadbhav Group will be Rs 130.44 crore.Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app