Adani Enterprises Plans To Raise $238 Mln Via Debentures
Indian conglomerate’s board approves raising up to 2,000 crore rupees via public issuance of NCDs
COJ News Desk |
29 October 2024 | 03:55 PM
(The Corner Office Journal) -- Adani Enterprises Ltd. said its board approved raising as much as 2,000 crore rupees ($238 million) via issuance of non-convertible debentures (NCDs).
The company will raise the funds via the public issuance of NCDs in one or more tranches, the Indian conglomerate said in a stock exchange announcement.
The issuance will be subject to applicable regulatory and statutory approvals. The debentures to be issued will be listed on BSE or National Stock Exchange of India.
Note: $1 = 84.0993 Indian rupees
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