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Adani Ports and Special Economic Zone Ltd updates on FCCB issue

Posted On: 2017-01-11 22:37:32

This is in furtherance to our letter dated November 12, 2016, November 14, 2016 and our earlier intimation under the SEBI Listing Regulations dated today. We are pleased to inform that Adani Ports and Special Economic Zone Ltd is contemplating, subject to market conditions, to undertake the issue of foreign currency denominated bonds (the "Issue") pursuant to the approval of the Board of Directors of the Company at its meeting held on November 2, 2015 and the approval of shareholders at their meeting held on August 9, 2016 and the pricing, tenure and other terms of the bonds to be issued pursuant to the Issue will be determined by the Finance Committee of the Company and such details shall be intimated to you in due course, which shall take place on January 12, 2017 or on a later date subject to market conditions and other considerations. Please treat this as the intimation required under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shares of ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. was last trading in BSE at Rs.295.7 as compared to the previous close of Rs. 294.05. The total number of shares traded during the day was 209529 in over 4027 trades.

The stock hit an intraday high of Rs. 299.65 and intraday low of 294. The net turnover during the day was Rs. 62314798.


Source: Equity Bulls

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