Sadbhav Engineering Adds SBI, ICICI Bank To ₹194.93 Crore Debt Restructuring

SBI and ICICI Bank acceded to Sadbhav Engineering’s restructuring agreement, covering ₹194.93 crore of debt, including ₹167.86 crore of fund-based exposure to be restructured as NCDs. Existing security will continue; the arrangement provides no fresh funding and requires lender-interest and promoter-debt conversions into equity.