Adani Ports gains on raising $650 million

Adani Ports and Special Economic Zone is currently trading at Rs. 383.30, up by 3.10 points or 0.82% from its previous closing of Rs. 380.20 on the BSE.

The scrip opened at Rs. 380.20 and has touched a high and low of Rs. 383.30 and Rs. 377.30 respectively. So far 31958 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 430.00 on 23-May-2019 and a 52 week low of Rs. 293.95 on 30-Oct-2018.

Last one week high and low of the scrip stood at Rs. 409.20 and Rs. 377.00 respectively. The current market cap of the company is Rs. 78872.20 crore.

The promoters holding in the company stood at 62.30%, while Institutions and Non-Institutions held 34.19% and 3.49% respectively.

Adani Ports and Special Economic Zone (APSEZ) has raised $650,000,000 by allotment of fixed-rate senior unsecured notes (Notes) in accordance with Regulation S/Rule 144A of the U.S. Securities Act, 1933 (comprising $379,780,000 under Rule 144A of the U.S. Securities Act, 1933 and $270,220,000 under Regulation S of the U.S. Securities Act, 1933) and applicable Indian regulations.

The said Notes are expected to be listed on Singapore Exchange Securities Trading.

APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.

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