Adani Ports & SEZ to raise up to Rs 3,000 cr via NCDs
The Board has given its in-principle approval for issuance of Non-Convertible Debentures for an aggregate amount not exceeding Rs 3,000 crores in one or more tranches on private placement basis
By Reuters |
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NEW DELHI: Adani Ports and Special Economic Zone (APSEZ) on Tuesday said its board has approved a proposal to raise up to Rs 3,000 crore through issuance of non-convertible debentures (NCDs).
The fund will be raised in one or more tranches.
"The Board has given its in-principle approval for issuance of Non-Convertible Debentures for an aggregate amount not exceeding Rs 3,000 crores in one or more tranches on private placement basis," APSEZ said in a regulatory filing to the BSE.
The debentures to be issued will be listed on BSE Limited and/ or National Stock Exchange of India Limited, it added.
The company said its board has also given its consent for exploring and evaluating the proposal to create a platform, which will hold rail infra assets and investments in rail entities.
The fund will be raised in one or more tranches.
"The Board has given its in-principle approval for issuance of Non-Convertible Debentures for an aggregate amount not exceeding Rs 3,000 crores in one or more tranches on private placement basis," APSEZ said in a regulatory filing to the BSE.
The debentures to be issued will be listed on BSE Limited and/ or National Stock Exchange of India Limited, it added.
The company said its board has also given its consent for exploring and evaluating the proposal to create a platform, which will hold rail infra assets and investments in rail entities.
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