Adani Power to raise Rs 7,500 crore through NCD; largest domestic bond issuance by Adani Group

Adani Power raises Rs 7,500 crore through NCD; largest domestic bond issuance by Adani Group

NEW DELHI : Adani Power raised nearly Rs 7,500 crore from top institutional investors through the issuance of non-convertible debentures (NCDs), sources familiar with the development told ANI. This marks the Adani Group’s largest domestic bond issuance to date. According to sources, major investors in the NCD issue include SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank, among others. The proceeds from the fundraise are expected to be used f…

Adani Power to raise Rs 7,500 crore through NCD; largest domestic bond issuance by Adani Group

New Delhi [India]: Adani Power is planning to raise nearly Rs 7,500 crore from institutional investors through the issuance of non-convertible debentures (NCDs), sources familiar with the development told ANI. This would mark the Adani Group’s largest domestic bond issuance to date. According to sources, major investors in the proposed NCD issue include SBI, ICICI Bank, Axis Bank, and Kotak Mahindra Bank, among others. The proceeds from the fund…