Announced Tue, 25 Aug · 19:21 IST
Sadbhav allots Rs 168 cr NCDs to SBI and ICICI Bank under resolution plan
SADBHAV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.1%1-day move
₹8.14
prior close
₹8.14
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-1.1-0.7-1.4+4.1+9.2+3.8-1.4-1.5+0.4-7.7———
Up moveDown movePending
AI summary
Sadbhav Engineering allotted 16,786 non-convertible debentures worth Rs 167.86 crore to SBI and ICICI Bank under its resolution plan. Tranche 1: Rs 85.61 crore at 9 percent interest, maturing March 2031. Tranche 2: Rs 82.25 crore at 0.01 percent interest, maturing March 2034. About 8.99 percent per annum of Tranche 1 will convert to equity. NCDs are secured and unlisted.
Likely market impact
Positive on debt restructuring, but equity conversion portion may dilute existing shareholders over time.