Adani Ports raises Rs 252 cr via NCDs

Adani Ports raises Rs 252 cr via NCDs

05/07/2016 11:05

Adani Ports and Special Economic Zone Ltd said that it has raised Rs. 252 crores through issue of Non-Convertible Debentures (NCDs) on private placement basis.

“The Company has raised Rs. 252 crores (Rupees Two Hundred Fifty Two Crores only) on July 04, 2016 by allotment of 2,520 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 said in a filing to the Bombay Stock Exchange.

The said NCDs will be listed on the Wholesale Debt Market segment of BSE Limited, the filing added.

Meanwhile, shares of the company were trading at Rs 214.65 apiece, up 0.68 per cent from the previous close at 11:06 hours on BSE.

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