Latest news with #AdaniPortsandSpecialEconomicZoneLtd
Hans India
3 days ago
- Business
- Hans India
Adani Ports raises Rs 5k cr to undertake expansion
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD). 'This isn't merely a financing exercise; it's a proactive execution of a meticulously developed Capital Management Plan for APSEZ, focused on maintaining conservative leverage, extending the debt maturity profile, lowering cost, and diversifying funding sources. This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility,' said Ashwani Gupta, Whole-time Director and CEO, APSEZ. Adani Ports has set a target of handling 1 billion tonnes of cargo by FY30, more than 2x the FY25 number. Beyond its port operations, the company has also laid out ambitious plans to expand its logistics and marine businesses. The proceeds will fund a proposed buyback of APSEZ's US Dollar bonds, pending board approval on May 31 2025. A full subscription would extend the average debt maturity significantly longer — from 4.8 years to 6.2 years. With consistently improving debt repayment timelines and the cost of capital, APSEZ gains greater access to patient capital and higher liquidity, crucial for long-term planning and large-scale it also offers financial flexibility for inorganic opportunities and enables reallocation of resources towards innovation, technology upgrades, and enhancing operational efficiencies. Adani Ports is the largest port developer and operator in India with seven strategically located ports and terminals on the west coast and eight on the East coast, representing 27 per cent of the country's total port volumes.
Hans India
4 days ago
- Business
- Hans India
Adani Ports secures Rs 5,000 crore via 15-year non convertible debenture
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD). Backed by APSEZ's strong financials and a 'AAA/Stable' domestic credit rating, the issue locked in a competitive coupon rate of 7.75 per cent per annum and was fully subscribed by the Life Insurance Corporation of India (LIC). The debentures will be listed on the BSE. 'This isn't merely a financing exercise; it's a proactive execution of a meticulously developed Capital Management Plan for APSEZ, focused on maintaining conservative leverage, extending the debt maturity profile, lowering cost, and diversifying funding sources. This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility,' said Ashwani Gupta, Whole-time Director and CEO, APSEZ. Adani Ports has set a target of handling 1 billion tonnes of cargo by FY30, more than 2x the FY25 number. Beyond its port operations, the company has also laid out ambitious plans to expand its logistics and marine businesses. The transaction highlights APSEZ access to domestic markets for its longest tenure issuance till date, and one of the longest in Indian capital markets history. The proceeds will fund a proposed buyback of APSEZ's US Dollar bonds, pending board approval on May 31 2025. A full subscription would extend the average debt maturity significantly longer — from 4.8 years to 6.2 years. With consistently improving debt repayment timelines and the cost of capital, APSEZ gains greater access to patient capital and higher liquidity, crucial for long-term planning and large-scale projects. Moreover, it also offers financial flexibility for inorganic opportunities and enables reallocation of resources towards innovation, technology upgrades, and enhancing operational efficiencies. Adani Ports is the largest port developer and operator in India with seven strategically located ports and terminals on the west coast and eight on the East coast, representing 27 per cent of the country's total port volumes.
Business Upturn
4 days ago
- Business
- Business Upturn
Adani Ports raises Rs 5,000 crore via 15-year NCDs to extend debt maturity profile
By Aditya Bhagchandani Published on May 30, 2025, 12:21 IST Adani Ports and Special Economic Zone Ltd (APSEZ) on May 30 announced that it has raised ₹5,000 crore through the issuance of rated, listed, secured, redeemable, non-convertible debentures (NCDs) with a 15-year tenure. The NCDs were issued at a coupon rate of 7.75% per annum and were fully subscribed by the Life Insurance Corporation of India (LIC). This is the longest-tenure domestic issuance by APSEZ till date and one of the longest in Indian capital markets. The move extends the company's average debt maturity from 4.8 years to 6.2 years, as part of its capital management plan focused on diversifying funding sources, lowering borrowing costs, and maintaining financial flexibility. The funds raised are proposed to be used for a buyback of APSEZ's USD bonds, subject to board approval on May 31, 2025. The debentures will be listed on the BSE's wholesale debt market segment. CEO Ashwani Gupta said the initiative aligns with APSEZ's long-term vision of becoming the world's largest integrated transport utility. The company has set a cargo handling target of 1 billion tonnes by FY30, supported by expansions in its logistics and marine businesses. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
25-05-2025
- Business
- Mint
Aegis Vopak Terminals IPO opens tomorrow: GMP, issue details, 10 key things to know
Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, for subscription on tomorrow (Monday, May 26). Aegis Vopak Terminals manages and operates storage tank facilities throughout India. These facilities offer secure storage solutions for liquids such as petroleum, vegetable oil, lubricants, chemicals, and gases including LPG, propane, and butane. The advantageous positioning of the company's terminals close to key ports and essential shipping routes provides competitive benefits, such as quicker transportation through pipelines, railways, and roads, reduced delivery expenses, and enhanced delivery efficiency. The terminalling sector is heavily influenced by the strategic placement of storage terminals. Terminals located near important shipping lines and well-connected ports obtain a competitive advantage by minimising last-mile delivery costs and ensuring quicker delivery times. As per the red herring prospectus (RHP), the company's listed peers are Adani Ports and Special Economic Zone Ltd (with a P/E of 37.48), and JSW Infrastructure Ltd (with a P/E of 49.02). Aegis Vopak Terminals IPO date: Aegis Vopak Terminals IPO opens for subscription on Monday, May 26 and closes on Wednesday, May 28. Aegis Vopak Terminals IPO price band: Aegis Vopak Terminals IPO price band has been fixed in the range of ₹ 223 to ₹ 235 per equity share of face value of ₹ 10. Aegis Vopak Terminals IPO lot size: Aegis Vopak Terminals IPO lot size is 63 equity shares and in multiples of 63 equity shares thereafter. Anchor investors: The allocation to anchor investors for Aegis Vopak Terminals IPO took place on Friday, May 23. The company issued 5,36,17,021 equity shares to 32 anchor investors at the upper price band of ₹ 235 per equity share (which includes a share premium of ₹ 225 per share). Notable investors in this round include American Funds Insurance, HDFC MF, Smallcap World Fund, 360 One, Motilal Oswal, SBI General Insurance, and Think India, among others. Aegis Vopak Terminals IPO details: Aegis Vopak Terminals IPO is completely a fresh issue of ₹ 2,800 crore equity shares; there is no offer for sale (OFS) component, according to Red Herring Prospectus (RHP). Aegis Vopak Terminals IPO objective:The firm aims to use the net proceeds from the issuance for various purposes, including the repayment or prepayment of some of its existing borrowings; financing capital expenditures for the planned acquisition of the cryogenic LPG terminal in Mangalore; and other general corporate activities. Lead Manager and Registrar of Aegis Vopak Terminals IPO: ICICI Securities Limited, Bnp Paribas, Iifl Securities Ltd, Jefferies India Private Limited, and Hdfc Bank Limited are the lead managers overseeing the Aegis Vopak Terminals IPO, while MUFG Intime India Private Limited (Link Intime) serves as the registrar for the offering. Aegis Vopak Terminals IPO listing date and allotment details: Tentatively, Aegis Vopak Terminals IPO basis of allotment of shares will be finalised on Thursday, May 29 and the company will initiate refunds on Friday, May 30 while the shares will also be credited to the demat account of allottees on Friday. Aegis Vopak Terminals shares are likely to be listed on BSE and NSE on Monday, June 2. Aegis Vopak Terminals IPO reservation: Aegis Vopak Terminals IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors. Aegis Vopak Terminals IPO GMP today: Aegis Vopak Terminals IPO GMP today or grey market premium is +17. This indicates Aegis Vopak Terminals share price were trading at a premium of ₹ 17 in the grey market on Tuesday, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Aegis Vopak Terminals share price was indicated at ₹ 252 apiece, which is 7.23% higher than the IPO price of ₹ 235. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Hans India
23-05-2025
- Business
- Hans India
Proud to support conservation efforts of Olive Ridley turtles, says Karan Adani
New Delhi, May 23 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) Managing Director Karan Adani on Friday said that they were proud to support conservation efforts of Olive Ridley as the population of the vulnerable sea turtle species thrives in Odisha. The Olive Ridley turtle derives its name from its olive-coloured carapace -- the hard upper shell. The sea turtle is one of seven living marine turtle species classified as "vulnerable" by the International Union for Conservation of Nature (IUCN) Red List. Their distinct breeding patterns and growing threat from human activity make the species increasingly fragile. "We are delighted that the Olive Ridley turtles are thriving in record numbers at Gahirmatha beach near Dhamra," said Karan Adani, in a post on social media platform X, on the occasion of World Turtle Day. "We are proud to support conservation efforts that protect them and their fragile ecosystems in Odisha," he added. Adani Group's Dhamra port in Odisha is home to one of the world's largest nesting populations of Olive Ridley turtles. The Group has created a corpus of Rs 30 crore for the conservation and protection of the Olive Ridley turtles. In a video posted on X, Karan Adani listed some measures undertaken by Adani Ports for the conservation of the Olive Ridley turtles. This includes dark sky lighting -- special lights installed to reduce sea glare and aid turtle movement; turtle migration support – providing trawlers to the Forest Department for patrolling during migration periods to ensure safety; safe navigation -- port routes planned away from turtle congregation zones. Other measures include fishing zone marking -- buoys are placed to restrict fishing boats from entering turtle-sensitive areas; and community engagement -- partnering with Divisional Forest Officer Bhadrak to educate fishers on mangrove and turtle conservation. In the 2024-25 season, about 6.89 lakh Olive Ridley turtles nested at Gahirmatha beach, the company said. Karan Adani noted that APSEZ will continue to work on their conservation efforts for the marine species. "Working with local communities and wildlife authorities, we continue to safeguard these gentle marine creatures," the Managing Director of APSEZ said. --IANS rvt/vd
