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Adani Ports & Particular Economic Zone Ltd.: Adani Ports & SEZ to elevate up to Rs 3,000 cr by using NCDs

NEW DELHI: Adani Ports and Particular Financial Zone (APSEZ) on Tuesday reported its board has authorized a proposal to increase up to Rs 3,000 crore by means of issuance of non-convertible debentures (NCDs).
The fund will be lifted in one or extra tranches.
“The Board has presented its in-principle approval for issuance of Non-Convertible Debentures for an aggregate sum not exceeding Rs 3,000 crores in one particular or additional tranches on private placement basis,” APSEZ claimed in a regulatory filing to the BSE.
The debentures to be issued will be detailed on BSE Limited and/ or National Stock Trade of India Confined, it extra.
The firm reported its board has also supplied its consent for discovering and analyzing the proposal to create a platform, which will hold rail infra assets and investments in rail entities.

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