Adani Ports to prepay $130 million debt

9 May 2023 , 10:20 AM

The group company of Adani conglomerate, Adani Ports and Special Economic Zone said on Tuesday that it would repay  debt of $130 million early, before its due date.

The company has floated a tender of repayment of debt of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month, as it seeks to boost investor confidence after the group’s shares were hit earlier this year by a U.S. short-seller’s report.