Sadbhav's infra arm likely to file IPO papers by December

11 Nov 2014

Sadbhav Infrastructure Project, a subsidiary of Mumbai-listed Sadbhav Engineering is planning to launch an initial public offering (IPO), which will see its parent offer 15 percent stake, reported media.

According to sources, Sadbhav Infra Project has appointed Kotak Mahindra Bank, Citi and ICICI Securities as managers to the issue and it file its draft red-herring prospectus with the securities regulator by December this year.

Sadbhav Infra has 11 build-operate-transfer projects with total cost of Rs 7,850. Three out of the 11 projects are operational

Source: Dion Global Type: IPO Related

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