Adani Ports and SEZ to pay $130 million of debt early

Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month.

Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Tuesday that it would pay $130 million of its debt early. (File image)

Listen to this article

Adani Ports and SEZ to pay $130 million of debt early

00:00

1x 1.5x 1.8x

India’s Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Tuesday that it would pay $130 million of its debt early, after nearly $413 million worth of debt has been tendered for early payment.

Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month, as it seeks to boost investor confidence after the group’s shares were pummelled earlier this year by a U.S. short-seller’s report.

Also Read

META, tech giant, tech market, meta shareholders, Business news, Indian express, Current Affairs

Meta recommends shareholders vote against proposal on rights impact in India

PR Sundar, Financial influencer, Finfluencer PR Sundar, Mansun Consulting, Mangayarkarasi Sundar, Sebi, Securities and Exchange Board of India, Business news, Indian express, Current Affairs

Sebi settlement order: Finfluencer Sundar to keep away from market one ye...

Vodafone Idea fundraise, Vi fundraise, Ashwini Vaishnaw, Vodafone Idea, Business news, Indian express, Current Affairs

Concerned over delay in Vodafone Idea fundraise: Ashwini Vaishnaw

Adani Wilmar forays into whole wheat category under Fortune brand

Led by billionaire businessman Gautam Adani, the group’s seven-listed stocks have lost about $114 billion in market value since a Jan. 24 report by Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation. The group denied all allegations.

First published on: 09-05-2023 at 09:49 IST