Sadbhav Infra executes Units Purchase Agreement worth Rs441cr with CPP Investment Board

Sadbhav Infrastructure Project Limited Board of Directors at its meeting held on April 29, 2021, has approved, execution of the Unit Purchase Agreement with CPP Investment Board Private Holdings (4) INC. (CPH-4) and its affiliates.

The agreement was entered on April 29, 2021, towards sell and transfer the right, title ownership, and interest in, free of all encumbrances, 434,28,782 Units of Indlnfravit Trust amounting to Rs441cr held by the company in dematerialised form upon the terms and conditions contained in a Unit Purchase Agreement.

Sadbhav Infrastructure Projects Ltd trade on Friday ended at Rs19.35 per piece down by Rs0.45 or 2.27% from its previous closing of Rs19.80 per piece on the BSE.

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( With inputs from indiainfoline)