Sadbhav Engineering shareholders to consider Rs. 1 billion convertibles issue

By Laura Lutz

Des Moines, Dec. 28 - Sadbhav Engineering Ltd. announced that it will convene an extraordinary general meeting of its shareholders on Jan. 22 to consider an institutional placement of up to Rs. 1 billion of equity shares, fully convertible debentures, optionally convertible debentures, optionally partly convertible debentures or other convertible securities.

The size and terms of the deal would be at the board's discretion.

Sadbhav is a civil engineering company based in Ahmedabad, India.

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