Adani Power SEZ raises Rs 1,000 crore via NCDs

Adani Power SEZ raises Rs 1,000 crore via NCDs

PTIUpdated: Thursday, May 30, 2019, 02:04 PM IST
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New Delhi : Adani Ports and Special Economic Zone (APSEZ) today said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis.

 “The company has raised Rs 1,000 crore…on July 18, 2016 by allotment of 10,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis,” the company said in  a filing to BSE, reports PTI.  The said NCDs will be listed on the Wholesale Debt Market segment of BSE Ltd, it said adding that “the Finance Committee meeting commenced at 3:00 p.m. and concluded at 3:45 p.m.” APSEZ had earlier said that it will seek shareholders nod for raising up to Rs 10,000 crore by issue of shares.  APSEZ had earlier reported a 38 per cent jump in its consolidated net profit to Rs 914.06 core for the March quarter on account of rise in income.

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