Adani Ports JV to raise USD 300 mn
Adani Ports JV to raise USD 300 mn
New Delhi, Dec 15:Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said its joint venture firm Adani International Container Terminal Pvt Ltd will raise USD 300 million (over Rs 2,200 crore) to retire some of its debt.
“Adani International Container Terminal Pvt Ltd (AICTPL), a 50:50 joint venture (JV) of Adani Ports and Special Economic Zone Ltd and Terminal Investment Limited Holding S.A., priced an offering of USD 300 million 3.00 per cent senior secured notes due 2031.
“The notes will be issued to institutional investors permitted to invest in the notes under applicable laws,” the company said in a regulatory filing.
Adani Ports share rises 2% as firm s joint venture to raise $300 million
Adani Ports shares touched an intraday high of Rs 479.4, rising 2.66% against the last close of Rs 467. Adani Ports & SEZ share is trading higher than 5, 20, 50, 100 and 200-day moving averages
BusinessToday.In | December 15, 2020 | Updated 14:34 IST
Market capitalisation of the stock stood at Rs 97,199 crore today
Adani Ports and Special Economic Zone share gained over 2% on Tuesday after the company said its joint venture would raise $300 million.
Adani Ports shares touched an intraday high of Rs 479.4, rising 2.66% against the last close of Rs 467. Adani Ports & SEZ share is trading higher than 5, 20, 50, 100 and 200-day moving averages. Market capitalisation of the stock stood at Rs 97,199 crore today.
Adani Port JV to raise $300 million
According to the Company its joint venture firm Adani International Container Terminal Pvt Ltd will raise $300 million (over Rs 2,200 crore) to retire some of its debt.
Adani Port
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Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said its joint venture firm Adani International Container Terminal Pvt Ltd will raise USD 300 million (over Rs 2,200 crore) to retire some of its debt. Adani International Container Terminal Pvt Ltd (AICTPL), a 50:50 joint venture (JV) of Adani Ports and Special Economic Zone Ltd and Terminal Investment Limited Holding S.A., priced an offering of USD 300 million 3.00 per cent senior secured notes due 2031.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said its joint venture firm Adani International Container Terminal Pvt Ltd will raise USD 300 million (over Rs 2,200 crore) to retire some of its debt. Adani International Container Terminal Pvt Ltd (AICTPL), a 50:50 joint venture (JV) of Adani Ports and Special Economic Zone Ltd and Terminal Investment Limited Holding S.A., priced an offering of USD 300 million 3.00 per cent senior secured notes due 2031. The notes will be issued to institutional investors permitted to invest in the notes under applicable laws, the company said in a regulatory filing. APSEZ said AICTPL intends to use the proceeds from the offering, upon receipt of requisite approvals, to repay all of its existing senior indebtedness and to repay a portion of the subordinated shareholder loans availed by it, in accordance with applicable laws and regulations and as permitted by the Reserve Bank of India, including under the directions issued by it
Adani Ports JV firm to raise over Rs 2,200 crore
APSEZ said AICTPL intends to use the proceeds from the offering, upon receipt of requisite approvals, to repay all of its existing senior indebtedness and to repay a portion of the subordinated shareholder loans availed by it
PTI | December 15, 2020 | Updated 14:11 IST
Adani International Container Terminal Pvt Ltd (AICTPL), a 50:50 joint venture (JV) of Adani Ports and Special Economic Zone Ltd and Terminal Investment Limited Holding S.A
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said its joint venture firm Adani International Container Terminal Pvt Ltd will raise USD 300 million (over Rs 2,200 crore) to retire some of its debt.