Adani Ports raises Rs 500 crore via debentures

Adani Ports and special economic zone (SEZ) on Tuesday said it has raised Rs 500 crore through issue of debentures on private placement basis.

"The Company has raised Rs 500 crore today by allotment of 5,000 rated, listed, secured, taxable, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis," it said in a regulatory filing to the BSE.

The company has also raised Rs 150 crore earlier this month through debentures.

The government has recently approved the Adani Group's proposal for clubbing its three SEZs in Gujarat to form a mega multi-product export zone spanning over 8,500 hectares.

The company's stock closed at Rs 237.95, up 0.95%, on BSE.