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RENEW

Infrastructure

1
Infrastructure

Sadbhav Infra’s proposed remerger leaves investors bitter. Did Nomura, Norwest get a raw deal?

In October 2019, Sadbhav Infra announced its plans to remerge with parent Sadbhav Engineering, owing to rising debt and falling profitability. The deal has sounded the death knell for Sadbhav Infra’s investors, who had believed in the company’s asset-ownership pitch back in 2015, at the time of listing. But for parent Sadbhav Engineering, it’s a blessing.

Infrastructure

Sadbhav Infra’s proposed remerger leaves investors bitter. Did Nomura, Norwest get a raw deal?

In October 2019, Sadbhav Infra announced its plans to remerge with parent Sadbhav Engineering, owing to rising debt and falling profitability. The deal has sounded the death knell for Sadbhav Infra’s investors, who had believed in the company’s asset-ownership pitch back in 2015, at the time of listing. But for parent Sadbhav Engineering, it’s a blessing.

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