You are here: Home » Specials ยป Metro
Business Standard

Adani Ports & SEZ plans $650-mn fund mop-up again and again

Adani Ports & SEZ plans $650-mn fund mop-up via unsecured notes issuance

IIT Hyderabad

Adani Ports and Special Economic Zone on Tuesday said it will raise up to $650 million by issuing unsecured notes. “The Finance Committee of Adani Ports and Special Economic Zone has approved the issuance of fixed rate senior unsecured notes aggregating to $650,000,000 and has approved the pricing, tenure and other terms of the notes,” it said in a regulatory filing.

The company intends to use the proceeds of ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, July 17 2019. 10:58 IST