Adani Ports raises Rs 750 crore through debentures

Adani Ports and Special Economic Zone (APSEZ) today said it has raised Rs 750 crore through issuance of non-convertible debentures on a private placement basis.
"The company has raised Rs 750 crore today by allotment of 7,500 rated, listed, taxable, secured, redeemable, NCDs (non convertible debentures) of the face value of Rs 10,00,000 each on private placement basis," APSEZ said in a BSE filing.
The NCDs will be listed on the wholesale debt market segment of BSE Limited, it said.
APSEZ shareholders had approved a proposal to raise funds up to Rs 10,000 crore through securities.
APSEZ, a part of Adani Group, had reported 26 per cent jump in consolidated net profit to Rs 644.96 core for the quarter ended December 2015 on the back of increased income.

Its total income from operations rose to Rs 1,717.86 crore during the December quarter as against Rs 1,548.45 crore in the corresponding quarter of the previous fiscal.
The Adani Group is one of India's leading business houses with revenue of over USD 10 billion.
Shares of APSEZ today closed 4.78 per cent up at Rs 200.40 apiece on BSE.