Adani Power SEZ raises Rs 1,000 cr via NCDs

Adani Ports and Special Economic Zone (APSEZ) today said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis.
"The company has raised Rs 1,000 crore...On July 18, 2016 by allotment of 10,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis," the company said in a filing to BSE.
The said NCDs will be listed on the Wholesale Debt Market segment of BSE Ltd, it said. Adding that "the Finance Committee meeting commenced at 3:00 p.M. And concluded at 3:45 p.M."
APSEZ had earlier said that it will seek shareholders nod for raising up to Rs 10,000 crore by issue of shares.

APSEZ had earlier reported a 38 per cent jump in its consolidated net profit to Rs 914.06 core for the March quarter on account of rise in income.