-33.60 (-2.40%) Adani Ports and Special Economic Zone (APSEZL) is planning to raise funds by way of issuance of Non-Convertible Debentures (NCDs) for refinancing of existing borrowing for an amount upto Rs 2,000 crore on private placement basis in one or more tranches. The Board of Directors of the Company at its meeting to be held on February 05, 2019 to consider 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.