Adani Power has raised Rs 330 crore by allotments of Non-Convertible Debentures (NCDs) on a private placement basis. The company raised funds on May 10, 2016, by allotment of 3,300 rated, listed, redeemable, zero coupon, NCDs of the face value of Rs 10,00,000 each on a private placement basis. The said NCDs will be listed on the wholesale debt market of BSE.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
