Sadbhav Group is merging its two listed entities Sadbhav Engineering, the flagship EPC services business and its listed subsidiary Sadbhav Infrastructure Projects, which builds and owns roads.
Sadbhav Infrastructure will get one share each in Sadbhav Engineering for three shares that they hold in the subsidiary company. In August 2019, the board of Sadbhav Infrastructure had given an in-principle approval to consider a merger with its parent and to appoint intermediaries to advise in the same.

The proposed merger aims to create a simplified corporate structure and better utilization of resources of the two group companies. The amalgamation will enable consolidation of the businesses into one combined entity - facilitating simplified corporate structure, productive utilization of combined resources, operational and administrative efficiencies, economies of scale, reduction in overheads & other expenses, reduced inter-company transactions and reduction in the multiplicity of legal and regulatory compliances.

The proposed merger follows Sadbhav Infraprojects deal to sell nine road assets owned by it to the Larsen & Toubro (L&T) and CPPIB owned infrastructure investment trust for around Rs 6,610 crore in July 2019.

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