Mumbai (Maharashtra), Oct. 21 -- : Infrastructure major Sadbhav Group is merging two of its listed entities to create a simplified corporate structure and better utilisation of resources.
Sadbhav Engineering Ltd is the flagship engineering, procurement and construction (EPC) services business while Sadbhav Infrastructure Projects Ltd builds and owns roads.
"The amalgamation will enable consolidation of the businesses into one combined entity, facilitating simplified corporate structure, productive utilisation of combined resources, operational and administrative efficiencies, economies of scale, reduction in overheads and other expenses, reduced inter-company transactions and reduction in the multiplicity of legal and regulatory complianc...