Adani Ports & SEZ to consider dividend and buyback on June 4

The board has granted approval for issuance of NCDs for refinancing of existing borrowing and general corporate purpose.

May 28, 2019 03:05 IST India Infoline News Service

Adani Ports and Special Economic Zone
Adani Ports & SEZ, in its press note to the exchanges, informed that the company’s board will meet on June 4 to consider dividend and buyback.

The company’s board on Monday approved an audit of results for the final quarter of FY19. The company registered a 38.69% yoy growth in PAT at Rs1,285.38cr vs. Rs926.77cr in the corresponding quarter last year. Its total income stood at flat Rs3,492.72cr against Rs3,487.29cr in the same period last year.

The company’s consolidated total expenditure declined to Rs1,840.35cr during the quarter under review vs. Rs2,162.10cr in the corresponding quarter last year.

Meanwhile, the board has granted approval for issuance of NCDs for refinancing of existing borrowing and general corporate purpose for an amount not exceeding Rs1,500cr in one or more tranches on private placement basis, the company said in a press note.

Adani Ports & Special Economic Zone Ltd's share price ended at Rs412.55, up by Rs3.15 or 0.77%, from its previous close of Rs409.40 on the BSE.
The scrip opened at Rs409.30 and touched a high and low of Rs416.90 and Rs405.75, respectively. A total of, 53,62,774 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs85,437.11cr.


 

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