Adani Ports & SEZ raises Rs 500 cr via issue of securities

Adani Ports and Special Economic Zone (SEZ) today said it has raised Rs 500 crore through issuances of securities on a private placement basis.
"The company has raised Rs 500 crore on April 11, 2016, by allotment of 5,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each on private placement basis," it said in a regulatory filing.
The said NCDs will be listed on the Wholesale Debt Market segment of BSE, the filing added.
Last month, the firm, led by billionaire Gautam Adani, had announced raising of Rs 500 crore by allotment of 5,000 Rated, Listed, Secured, Taxable, Redeemable, NCDs of the face value Rs 10,00,000 each on a private placement basis.

Similarly in March, the firm said it raised Rs 150 crore through allotment of 1,500 Rated, Listed, Taxable, Secured, Redeemable, NCDs of the face value of Rs 10,00,000 each on a private placement basis.
Earlier this month, the government had approved the Adani Group's proposal for clubbing its three notified SEZs in Gujarat to form a mega multi-product export zone spanning over 8,500 hectares.
Adani ports and Special Economic Zone shares today ended 4.54 per cent higher at Rs 228.90 apiece on BSE.