Adani Ports crosses Rs 1 trillion-mark in market capitalisation

AICTPL raising first $300 million public dollar bond at lowest coupon size lends support

Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) today crossed Rs 1 trillion in market capitalisation for the first time, following news of Adani International Container Terminal Private Limited (AICTPL) having settled its first $300 million public dollar bond issuance on December 21, 2020.

AICTPL is 50:50 joint venture between APSEZ and Terminal Investment Limited (TiL), the sixth largest container terminal operator in the world.

The issue had large participation from marquee real money investors with interests coming from around 220 accounts leading to about 10 times oversubscription, said the company in its release today.

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