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Adani Transmission raises Rs 750 crore through NCDs

31 May 2016 Evaluate

Adani Transmission has raised Rs 750 crore by allotment of Non-Convertible Debentures (NCDs) on private placement basis. The company has allotted 7,500 Rated, Listed, Taxable, Secured, Redeemable, NCDs of the face value of Rs 10,00,000 each in 5 Series on private placement basis. The said NCDs will be listed on the wholesale debt market segment of Bombay Stock Exchange (BSE).

Adani Transmission is engaged in providing establishing, commissioning, operating and maintaining electric power transmission systems in India. It offers operation and maintenance (O&M) support services. Adani Transmission operates as a subsidiary of Adani Enterprises.


Peers
Company Name CMP
NTPC 326.60
Tata Power 367.00
Adani Power 202.20
Power Grid Corpn. 267.50
Adani Energy Solut. 1356.90
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