APSEZ Raises Rs 500 Crore via NCDs in Private Placement, Lists on BSE

10 Jan 2024 , 01:03 PM

Adani Ports and Special Economic Zone (APSEZ) raised Rs 500 crore through non-convertible debentures (NCDs) on a private placement basis, as per a regulatory filing.

The company accepted bids totaling Rs 500 crore for two listed bonds, featuring maturity periods of five and ten years, respectively.

The allotment comprised 50,000 rated, secured, listed, redeemable NCDs, each with a face value of Rs 1,00,000.

These NCDs are set to be listed on the wholesale debt market segment of BSE.

APSEZ, recognized as India’s largest port developer and operator, manages seven strategically located ports and terminals on both the west and east coasts.

The ports and terminals collectively represent 26% of the country’s total port volumes.

For feedback and suggestions, write to us at [e-mail]