Adani Power Board Approves Raising $595 Mln Via Debentures
Indian power producer will raise funds through the public issue and private placement of debentures
COJ News Desk |
28 October 2024 | 04:53 PM
(The Corner Office Journal) -- Adani Power Ltd. said its board today approved raising as much as 5,000 crore rupees ($595 million) through non-convertible debentures (NCDs).
The company plans to raise up to 2,500 crore rupees via the public issue of secured, rated, listed, redeemable, NCDs Adani Power said in a stock exchange announcement. The Indian power producer will raise similar amount via the private placement of debentures.
Adani Power, which will raise funds in one or more tranches, has delegated the powers to the management committee to carry out activities related to the proposed issue.
Note: $1 = 84.0993 Indian rupees
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