Sadbhav Infra to acquire remaining stake in Ahmedabad Road Project.

Sadbhav Engineering said its subsidiary, Sadbhav Infrastructure Project Ltd. (SIPL), has signed a binding memorandum of agreement with the latter's joint venture partner Patel Infrastructure to acquire 20 per cent stake in Ahmedabad Ring Road Infrastructure Ltd.

In an exchange filing, Sadbhav Engineering said SIPL already holds 80 per cent stake in the ring road project.


HBL