Adani Ports SEZ raises Rs 1,000 cr via private placement of NCDs

New Delhi: Adani Ports and Special Economic Zone (APSEZ) Monday said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis. [caption id=“attachment_2477446” align=“alignleft” width=“380”]  Reuters[/caption] “The company has raised Rs 1,000 crore…on 18 July, 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 percent jump in its consolidated net profit to Rs 914.06 core for the March quarter on account of rise in income.