APSEZ gains on raising $500 million through dollar bonds

13 Jan 2017 Evaluate

Adani Ports and Special Economic Zone (APSEZ) is currently trading at Rs. 294.00, up by 0.85 points or 0.29% from its previous closing of Rs. 293.15 on the BSE.

The scrip opened at Rs. 297.90 and has touched a high and low of Rs. 298.00 and Rs. 290.65 respectively. So far 81,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 317.00 on 25-Oct-2016 and a 52 week low of Rs. 169.65 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 299.65 and Rs. 282.95 respectively. The current market cap of the company is Rs. 60,885.00 crore.

The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 35.59% and 5.47% respectively.

APSEZ has raised $500 million by issuing foreign currency denominated bonds. The company will utilize these proceeds for refinancing its high cost external commercial borrowings (ECBs) to achieve its objective of reducing high cost debt and improving its debt maturity profile.

APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.


Adani Ports &Special Share Price

1341.70 17.75 (1.34%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Adani Ports &Special 1341.70
JSW Infrastructure 245.50
Gujarat Pipavav Port 212.55
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