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Adani Ports SEZ Raises Rs. 1,000 Crore Via Debentures.

Date: 19-07-2016
Subject: Adani Ports SEZ Raises Rs. 1,000 Crore Via Debentures
New Delhi: Adani Ports and Special Economic Zone (APSEZ) on Monday said it has raised Rs. 1,000 crore by allotting non-convertible debentures (NCDs) on a private placement basis.

"The company has raised Rs. 1,000 crore...on July 18, 2016 by allotment of 10,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs. 10,00,000 each on private placement basis," the company said in  a filing to the BSE.

The NCDs will be listed on the wholesale debt market segment of BSE Ltd, it said. adding, "The Finance
Committee meeting commenced at 3:00 p.m. and concluded at 3:45 p.m."

APSEZ had earlier said that it will seek shareholders nod for raising up to Rs. 10,000 crore by issue of shares.

APSEZ had earlier reported a 38 per cent jump in its consolidated net profit to Rs. 914.06 core for the March quarter on account of a rise in income.

Source : profit.ndtv.com

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