HomeBusinessAdani Ports and SEZ raises Rs 500 crore via NCDs

Adani Ports and SEZ raises Rs 500 crore via NCDs

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Gautam Adani owned Adani Ports and Special Economic Zone (APSEZ) has raised Rs 500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

In a filing with the stock exchange, APEZ sais, “The company has allotted 5,000 rated, listed, secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis.”

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“The NCDs will be listed on the Wholesale Debt Market segment of the BSE,” the statement said.

The company has also issued a clarification on its May 27 filing, in which APSEZ said “the company has raised Rs 700 crore through NCDs.”

In a statement issued, Adani Ports & SEZ said, “inadvertent typo error, it mentioned that the company has raised Rs 700 crores through allotment of 7,000 NCDs of face value Rs 10 lakh each instead of Rs 500 crores through allotment of 5,000 NCDs of face value Rs 10,00,000 each.”

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Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.
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