"The Company has raised Rs 150 crore on March 23, 2016, by allotment of 1,500 Rated, Listed, Taxable, Secured, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis," it said in a regulatory filing.
Earlier this month, the government had approved the Adani Group's proposal for clubbing its three notified special economic zones (SEZs) in Gujarat to form a mega multi-product export zone spanning over 8,500 hectares.
Shares of the company today closed at Rs 238.20 apiece down by 0.46 per cent.