News Update

APSEZ raises ₹ 1,000 crore via NCDs

• ByManjeet Singh     |    October 19, 2021

As part of the private placement, Adani Ports and Special Economic Zone (APSEZ) on Monday announced the issuance of secured, redeemable, and non-convertible debentures (NCDs).

 According to an APSEZ filing with the BSE, NCDs will be listed on the Wholesale Debt Market segment of the BSE Limited.

“With reference to above, we would like to inform that the company has raised ₹ 1,000 crore (Rupees One Thousand Crore only) today by allotment of 10,000 rated, listed, secured, redeemable, Non-Convertible Debentures (NCDs) of the face value of ₹ 10,00,000/- each on private placement basis,” the filing said.

The Adani Group’s flagship company, Adani Ports and Special Economic Zone, is India’s largest private port and logistics company.

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