Global rating agency Fitch Ratings has revised the Outlook on Adani Ports and Special Economic Zone Limited’s (APSEZ) as well as Adani Energy Solutions Limited‘s (AESL) to ‘Stable’ from ‘Negative’, adding that the Adani Group has demonstrated access to diversified funding sources. Fitch has also affirmed the ‘BBB-‘ ratings on Adani Electricity Mumbai Limited’s (AEML) … Read more
Four subsidiaries of India’s Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of … Read more
Shares of Adani Energy Solutions surged nearly 10% on Thursday after the $1-billion qualified institutional placement (QIP) was oversubscribed six times, garnering a demand of over Rs 50,000 crore according to an ET report. The stock also hit a fresh 52-week high of Rs 1,250 on the NSE amid significant volume, when 1.27 crore shares … Read more
MUMBAI, – India’s Adani Energy Solutions is planning to raise around $400 million-$500 million through a private placement of bonds for which it is in early talks with U.S. institutional investors, a company source and a banker aware of the plan said. “The deal will materialise in the next three months and we are seeing … Read more
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