Latest news with #NCD
Hans India
11 hours ago
- Health
- Hans India
World No Tobacco Day observed in GGH Ongole
Ongole: The students at the Government Nursing College at the Government General Hospital commemorated World No Tobacco Day- 2025, at the premises of GGH Ongole on Saturday. Following the instructions of the DMHO, Dr T Venkateswarlu, and under the guidance of the GGH officials, the students explained about the ill effects of tobacco to the people, and advised them to quit tobacco and its products to improve health conditions. They explained that this year's observance centred around the theme, 'Unmasking the appeal: Exposing industry tactics on quitting tobacco and nicotine products', and highlighted the need to understand and counter tobacco industry tactics. Speaking at the event, District NCD Nodal Officer Dr Bhagirathi announced that the Commissioner of Health and Family Welfare, Mangalagiri, has mandated a comprehensive 15-day awareness campaign to mark World No Tobacco Day 2025. She said that the campaign encompasses a wide range of activities designed to reach vulnerable populations, including adolescents, factory workers, migrant populations, tobacco farmers, rural and urban communities, pregnant women, and school children. Key initiatives include promotional, preventive, and screening activities for tobacco users, along with information and education programmes, she added. The event saw participation from the Vice Principal of Government Medical College, Dr Sudhakar, Fluorosis Medical Officer Dr Anil, District Mass Media Officer, D Srinivasu, Government Nursing College staff, and personnel from NCD and RBSK departments.
Business Standard
2 days ago
- Business
- Business Standard
Adani Ports raises Rs 5,000 crore via NCD issuance
Adani Ports and Special Economic Zone (APSEZ) 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% p.a. and was fully subscribed by LIC. The debentures will be listed on the BSE. 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 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 longerfrom 4.8 years to 6.2 years.
Time of India
2 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)
India.com
2 days ago
- Business
- India.com
Gautam Adani hits jackpot as LIC invests Rs 50000000000 in this company of Adani, name is..
Masterstroke by Gautam Adani as Adani Group deploys India's first..., it is capable of... India's largest public sector insurer, LIC, has fully subscribed to a Rs 5,000-crore non-convertible debenture (NCD) issue of Adani Ports and Special Economic Zone, reported Economic Times. This move reflects Adani Ports' ongoing strategy to replace costly short-term loans with more affordable, long-term debt as part of its broader financial streamlining efforts. Issued on Thursday, the 15-year bond carries an annual interest rate of 7.75%. This makes it one of the longest-tenure domestic bonds raised by the Adani Group in recent months. According to a report by The Economic Times, LIC is the sole buyer of this bond. LIC already holds an 8.06% stake in Adani Ports. The funds raised from this bond will be used by the company for new investments, repaying existing debt, and other business needs. Gautam Adani's group is working to extend its loan repayment timelines and reduce borrowing costs. Due to strategic refinancing efforts, the group's average borrowing cost dropped to 7.92% in FY25, down from 9.02% in the previous year. As reported by The Economic Times, the head of fixed income at a domestic brokerage said, 'This deal shows LIC is taking large exposure to corporate bonds.' 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 investors. The 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 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 proceeds will fund a proposed buyback of APSEZ's US Dollar bonds, pending board approval on May 31, 2025.
Economic Times
2 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)
