Adani Ports has decided to enter the bond market for the first time in two years and has accepted bids worth over ₹5 billion
As Adani Group companies are seeing a massive boom in shares prices, Adani Ports has decided to enter the bonds market for the first time in two years. Adani Ports and Special Economic Zone entered the bond market and garnered a heavy demand for their issue on the first day itself.
Adani Ports, which is India’s largest private port operator, started accepting bids aggregating to 5 billion rupees ($60.2 million) for two listed bonds, with one maturing in five years and the other in 10 at coupons of 7.80% and 7.90%, respectively.
This decision of the company comes shortly after the Supreme Court’s verdict on the Hindenburg report against Adani Group, where the bench ruled that the company will not undergo any additional investigation apart from…
