-8.15 (-0.57%) In a bid to reduce its debt cost, Adani Ports and Special Economic Zone (APSEZ) is planning to raise Rs 15,000 crore through overseas bonds to refinance existing foreign loans and fund capital expenditure. The company has a debt of over Rs 11,000 crore.
Earlier this year, Adani group announced the demerger of all ports and power assets into two already listed firms, while the transmission business would be spun out into a new company to be listed separately.
Adani Ports and Special Economic Zone is the country's largest private multi-port operator and part of the Adani Group, a global integrated infrastructure player.