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Outcome of board meeting of Adani Ports & Special Economic Zone

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Capital Market

Held on 03 May 2016

Adani Ports & Special Economic Zone announced that the Board of Directors of the Company at its meeting held on 03 May 2016 inter alia, has accorded approval for seeking approval of the shareholders at the ensuing annual general meeting :

1. To raise funds by issue of Equity Shares / convertible Bonds through Qualified Institutional Placement [QIP] / GDR / ADR / FCCBs / FCEBs / Convertible Securities for an aggregate amount upto Rs. 10,000 crore and

2. To issue Secured / Unsecured Redeemable Non-Convertible Debentures on private placement basis within the overall borrowing limits of the Company.

 

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First Published: May 03 2016 | 4:38 PM IST

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