Adani Ports raise Rs 125 crore via NCDs

India's largest private multi-port operator, Adani Ports and Special Economic Zone Limited, today announced that it has raised Rs 125 crore through the issuance of non-convertible debentures.

In a BSE filing released on March 20 during the market hours, the company informed that it has raised Rs 125 crore by allotment of 1,250 rated, listed, secured and redeemable non-convertible debentures (NCDs) of a face value of Rs 10,00,000 each, on private placement basis.

The statement further added that the NCDs will be listed on the wholesale debt market segment of BSE.

A part of Adani Group, Adani Ports and SEZ Ltd is India's largest integrated ports and logistics company. The company provides dredging and reclamation solutions, primarily for port and harbour construction.

At the time of market closing on Friday, the stock of Adani Ports was trading at Rs 257.05, down by 0.48 per cent against its previous close of Rs 258.30. Its 52-week high is Rs 430.00 while, its 52-week low is Rs 234.55 on BSE.