Adani Power SEZ raises Rs. 1000 cr, Via Debentures

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Adani Ports and Special Economic Zone (APSEZ) stated that it has raised Rs. 1000 cr, by allocating Non-Convertible Debentures (NCDs) on private placement basis.

APSEZ said in its filing to BSE, that the company has raised Rs. 1000 cr on July 18, 2016 by allotment of 10,000 NCDs of the face value of Rs. 10,00,000 each on private placement basis. The NCDs will be enlisted on the Wholesale Debt Market segment of BSE Ltd.

APSEZ had earlier stated that it will seek shareholders consent for raising upto Rs. 10,000 crore by issue of shares. It also reported a 38% rise in its consolidated net profit to Rs. 914.06 cr for the March quarter on account of rise in income.

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