Sadbhav Engineering to acquire stake from JV Partner in two SPVs

Hyderabad-Yadgiri Tollway & Mysore-Bellary Highway

Sadbhav Engineering (SEL) announced that the Company has signed definitive agreement for acquisition of the stake from the joint venture partner by SEL and/or its subsidiaries in the following SPVs-

Hyderabad-Yadgiri Tollway (HYTPL) and Mysore-Bellary Highway (MBHPL)

Upon completion of the proposed acquisition, SEL and/or its subsidiaries will hold 100% of the share capital in HYTPL and 74% of the share capital in MBHPL.

Powered by Capital Market - Live News