Adani Ports raises Rs 252 crore via NCDs

The company raised the amount by allotment of 2,520 debentures on private placement basis

Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has raised Rs 252 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

“The company raised Rs 252 crore on July 4, 2016, by allotment of 2,520 rated, listed, secured, taxable, redeemable and non-convertible debentures of the face value of Rs 10 lakh each on private placement basis,” APSEZ said in a BSE filing.

“The said NCDs will be listed on the wholesale debt market segment of BSE Ltd.”

The stock was trading 0.6 per cent higher at Rs 214.50 on the BSE.