Adani Ports to buy-back NCDs worth Rs 1400 crore

19 Mar 2019

Adani Ports and Special Economic Zone (APSEZ) has received an approval for the Buy-Back of 14,000 Non-Convertible Debentures (NCDs) aggregating to Rs 1400 crore from the existing Debenture Holders in one or more tranche through negotiated deals as may be agreed. The Board of Directors the company at their meeting held on March 18, 2019, approved the same.

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.

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