Adani Ports To Raise Funds Via Issue Of Equity Shares Or Convertible Bonds

Adani Ports and Special Economic Zone on Monday surged over 1.3% on BSE. It is trading at Rs 354.40 per share, up by 1.49% at 10:35 hours IST.

The company on Saturday informed that meeting of the company's board of directors will be held on May24, 2017, to consider raising of funds by issue of equity shares/ convertible bonds through QIP/ GDR/ ADR/ FCCBs, as per BSE filing.

It also intends to issue secured or unsecured redeemable non-convertible debentures on private placement basis.

Meanwhile, the stock hit a high of Rs 357 and a low of Rs 350.30. The market capitalisation of the company is Rs 73,135.66 crore.

Adani Ports and Special Economic Zone Limited is engaged in the business of developing, operating and maintaining the port and port-based related infrastructure facilities, including multi-product special economic zone (SEZ).

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