Adani Ports and Special Economic Zone Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2025.
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The Board of Directors of Adani Ports and Special Economic Zone Limited, at its meeting on May 22, 2025, gave in-principle approval to issue Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) for an aggregate amount not exceeding Rs. 6,000 crore. The NCDs will be issued on a private placement basis in one or more tranches and are proposed to be listed on BSE and/or NSE. The proceeds will be used for capex, refinancing of existing debt, and general corporate purposes. Key terms such as tenure, coupon rate, and security will be decided at the time of each tranche issuance.
The Rs. 6,000 crore debt raise will increase the company's debt levels but is aimed at funding growth-related capex and refinancing existing borrowings. Shareholders should watch for the coupon rate and tranche-wise pricing, as these will determine the cost of borrowing and any impact on interest expenses.