MY KOLKATA EDUGRAPH
ADVERTISEMENT
regular-article-logo Tuesday, 05 March 2024

Adani Ports board to meet on December 12, to consider raising funds

In November, the Gautam Adani-owned company recorded strong cargo volumes of around 36 million metric ton -- a robust 42 per cent on-year increase

PTI New Delhi Published 07.12.23, 10:14 AM
Representational image.

Representational image. File

Adani Ports and Special Economic Zone on Wednesday said its board will meet on December 12 to consider a proposal to raise funds through the issue of non-convertible debentures or issue or renew preference shares on a private placement or preferential basis.

In November, the Gautam Adani-owned company recorded strong cargo volumes of around 36 MMT (million metric ton) -- a robust 42 per cent on-year increase.

ADVERTISEMENT

"...we would like to inform you that the meeting of the board of directors of the company will be held on Tuesday, December 12 to consider the proposal for (i) issuance of non-convertible debentures and (ii) issuance/renewal of non-cumulative redeemable preference shares, on private placement basis/preferential basis, in one or more tranches," the company said in a regulatory filing.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

Follow us on:
ADVERTISEMENT