Adani Ports and Special Economic Zone (APSEZ) on Monday said its board has given the green signal for buyback of non-convertible debentures (NCDs) worth 1,400 crore rupees.
The company said in a regulatory filing, “the Board of Directors at its meeting held on 18th March, 2019…has approved the Buy-Back of 14,000 Non-Convertible Debentures (NCDs) aggregating to 1,400 crore rupees from the existing Debenture holders.”
The buyback is set to be completed in one or more tranche through negotiated deals as may be agreed, said the company. The shares of the company closed at rupees 369.20 apiece on the BSE, up 0.85% from the previous close.
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