Feedback Infrastructure Services Pvt Ltd, one of the leading infrastructure services company, has placed Rs 100 crore non-convertible debentures with L&T, IDFC and HDFC to fund its growth plans, according to a company statement.
The issue has participation of all three shareholders – L&T, IDFC and HDFC – in proportion to their shareholding.
The funds will be drawn in tranches with the first tranch already undertaken this week.
“Our strong growth in existing service lines and recent foray into new service areas require substantial funds commitment to sustain the company’s growth plans,” said a company spokesperson.
Feedback Infrastructure is an integrated infrastructure services company, providing advisory, planning & engineering, transactions, project management and operations & maintenance services, with focus on areas like transportation & logistics, energy, housing & townships, healthcare, water & sanitation, urban development, industrial infrastructure, commercial infrastructure, retail & entertainment, education, hospitality and special economic zones.
The company is currently working on several projects including 35,000 MW of power generation, 20,000 km of national and state highway construction and 100,000 acres of real estate development. The company has over 1200 professionals employees, nationally and internationally.
Feedback is also engaged in infrastructure activities with Portugal-based Brisa, Auto-estradas de Portugal, a JV with the Himalayan Infrastructure Fund in Kathmandu and other public-private partnerships.