APSEZ to seek shareholders nod to raise up to Rs 10,000 cr

Adani Ports and Special Economic Zone (APSEZ) today said it will seek shareholders nod for raising up to Rs 10,000 crore by issue of shares.
"The Board of Directors of the company ... Has accorded approval for seeking approval of the shareholders ... To raise funds by issue of equity shares/convertible bonds through Qualified Institutional Placement/GDR/ADR/FCCBs/FCEBs/ convertible securities for an aggregate amount up to Rs 10,000 crore," APSEZ said in a filing to the BSE.
The company's board also gave approval for seeking shareholders nod to issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the Company.