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Adani Ports Raises Rs 750 Crore Via NCDs

By Religare

Adani Group's arm Adani Ports and Special Economic Zone Ltd (APSEZ) said it has raised Rs 750 crore through non-convertible debentures (NCDs) on a private placement basis.

Adani Ports Raises Rs 750 Crore Via NCDs

In a filing to the Bombay Stock Exchange, APSEZ said, the company has raised Rs 750 crore by allotment of 7,500 rated, listed, taxable, secured, redeemable, NCDs of the face value of Rs 10,00,000 each on private placement basis.

The NCDs will be listed on the wholesale debt market segment of BSE Limited, it said.

APSEZ shareholders had approved a proposal to raise funds up to Rs 10,000 crore through securities.

The Adani Group is one of India's leading business houses with revenue of over USD 10 billion.

Meanwhile, shares of the company were trading at Rs 202.90 apiece, up 1.25 per cent, from previous close on BSE at 10:58 hours.

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