The amount raised through the proposed NCDs will be used to fund Adani Ports’ capital expenditure, refinance existing debt and support general corporate purposes
| Photo Credit:
ANI
Adani Ports and Special Economic Zone, an integrated ports and logistics company of the Adani Group, on Thursday said that it is set to raise up to ₹6,000 crore through Non-Convertible Debentures (NCDs).
The Board of Directors of the APSEZ gave an “in-principle approval” for issuance of the NCDs during a meeting on Thursday. The amount raised through the proposed NCDs will be used to fund the company’s capital expenditure, refinance existing debt and support general corporate purposes, the company stated in a filing with the stock exchanges.
The funds will possibly be raised in one or more tranches on a private placement basis and the NCDs will be listed on the stock exchanges, the company added.
Published on May 22, 2025
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- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
