Adani Ports raises Rs 1300 crore via NCDs

India Infoline News Service | Mumbai | November 29, 2016 15:08 IST

Adani Ports and Special Economic Zone Ltd. (APSEZ) informed that the company has raised Rs 1300 crore on private placement basis.

Adani Port
Adani Ports and Special Economic Zone Ltd. (APSEZ) informed that the company has raised Rs 1300 crore by allotment of 13,000 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 informed the said NCDs will be listed on the Wholesale Debt Market segment of BSE Ltd.

Stock View:
Adani Ports & Special Economic Zone Ltd is currently trading at Rs 275.55, up by Rs 3.35 or 1.23% from its previous closing of Rs 272.2 on the BSE.

The scrip opened at Rs 275 and has touched a high and low of Rs 279.4 and Rs 268 respectively. So far 4962027(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 56371.31 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 317 on 25-Oct-2016 and a 52 week low of Rs 169.65 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 274.2 and Rs 255.95 respectively.

The promoters holding in the company stood at 58.94 % while Institutions and Non-Institutions held 35.59 % and 5.47 % respectively.

The stock is currently trading above its 50 DMA.
 

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