Latest news with #AshwaniGupta
Hans India
2 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.
The Hindu
3 days ago
- Business
- The Hindu
Adani Ports raises ₹5,000 crore via NCDs
Adani Ports and Special Economic Zone Lt.d (APSEZ), said it has raised ₹5,000 crore through a 15-year Non-Convertible Debenture (NCD). The issue, locked in a competitive coupon rate of 7.75% p.a., was fully subscribed by LIC. The debentures will be listed on the BSE, the company said in a statement. 'The issue shows APSEZ's deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ's debt maturity profile. 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 company said. The proceeds will fund a proposed buyback of APSEZ's US Dollar bonds, pending board approval on 31 May 2025. A full subscription would extend the average debt maturity significantly longer—from 4.8 years to 6.2 years. '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 & CEO, APSEZ in a statement.
Time of India
3 days ago
- Business
- Time of India
Adani Ports taps its largest ever domestic bond
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT AdPorts and Special Economic Zone (APSEZ) on Friday announced 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 cent, and was fully subscribed by LIC, the Adani Group company said in a are long-term financial instruments that companies issue to raise more money from debentures will be listed on the Adani Group company claimed that the NCD issue shows APSEZ's deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ's debt maturity added that the transaction highlights APSEZ's access to domestic markets for its longest tenure issuance to date, and one of the longest in Indian capital markets 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."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, has set a target of handling 1 billion tonnes of cargo by 202-30, more than 2x the 2024-25 has 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 extensive network provides capabilities to handle vast amounts of cargo from both coastal areas and the hinterland. Beyond India, the company is developing a transhipment port at Colombo, Sri Lanka, and operates the Haifa Port in Israel and Container Terminal 2 at Dar Es Salaam Port, Tanzania, significantly enhancing its international presence. (ANI)
Mint
3 days ago
- Business
- Mint
Adani Ports taps its largest ever domestic bond: ₹5,000 crore 15-year NCD from LIC — all you need to know
Adani Ports and Special Economic Zone (APSEZ) on May 30 said it has successfully raised ₹ 5,000 crore through a 15-year Non-Convertible Debenture (NCD), fully subscribed by the Life Insurance Corporation of India (LIC). The debentures will be listed on the BSE, and is locked at 7.75 per cent coupon rate, backed by Adani Ports' 'AAA/Stable' domestic credit rating, the company informed the exchanges. Ashwani Gupta, Whole-time Director & CEO, Adani Ports noted that this 'isn't merely a financing exercise', but a proactively developed capital management plan for Adani Ports. "This plan is designed to support APSEZ with its long-term vision to become the world's largest integrated transport utility,' Gupta said. Debentures are long-term financial instruments that companies issue to raise more money from investors. 'The issue shows Adani Port's deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ's debt maturity profile. It highlights APSEZ access to domestic markets for its longest tenure issuance till date, and one of the longest in Indian capital markets history,' the company release said.
Economic Times
3 days ago
- Business
- Economic Times
Adani Ports taps its largest ever domestic bond - Rs 5,000 crore 15-year NCD
AdPorts and Special Economic Zone (APSEZ) on Friday announced it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD). ADVERTISEMENT 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 cent, and was fully subscribed by LIC, the Adani Group company said in a statement. Debentures are long-term financial instruments that companies issue to raise more money from investors. The debentures will be listed on the BSE. The Adani Group company claimed that the NCD issue shows APSEZ's deep access to long-term capital from diversified sources at attractive pricing and significantly enhances APSEZ's debt maturity profile. It added that the transaction highlights APSEZ's access to domestic markets for its longest tenure issuance to date, and one of the longest in Indian capital markets history. ADVERTISEMENT 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. ADVERTISEMENT "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, has set a target of handling 1 billion tonnes of cargo by 202-30, more than 2x the 2024-25 number. ADVERTISEMENT APSEZ has 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. This extensive network provides capabilities to handle vast amounts of cargo from both coastal areas and the hinterland. Beyond India, the company is developing a transhipment port at Colombo, Sri Lanka, and operates the Haifa Port in Israel and Container Terminal 2 at Dar Es Salaam Port, Tanzania, significantly enhancing its international presence. (ANI) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
