Adani Transmission’s wholly owned subsidiary -- Adani Electricity Mumbai (AEML) has raised $1 billion (over Rs 7,000 crore) by issuance of dollar bonds. The issuance saw strong global participation leading to final order book at over $5.9 billion with participation from across 245 accounts.
The Notes will be listed on the Singapore Exchange Securities Trading. The placement consists of a 10-year paper with a bullet maturity. The proceeds will be used to repay existing INR denominated indebtedness of AEML and for general corporate purposes. Adani Group's moves in the dollar bond market displays one of the Indian companies that has successfully tapped the offshore bond markets.
Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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