The Adani group gained a further foothold in the port sector on the eastern coast by acquiring the all-weather deep water Karaikal Port owner Karaikal Port Private Ltd.
Adani Ports and Special Economic Zone (APSEZ) on Friday said it has raised Rs 900 crore through allotment of non-convertible debentures (NCDs) on a private placement basis.
“The company has raised Rs 900 crore today (Friday) by allotment of 9,000 rated, listed, secured, redeemable NCDs of the face value of Rs 10,00,000 each on private placement basis,” the company said in a regulatory filing to the BSE.
The said NCDs will be listed on the wholesale debt market segment of BSE Limited, it said.
The country’s largest integrated logistics player APSEZ has 11 strategically located ports and terminals – Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai.
It represents 24 per cent of the country’s total port capacity and is also developing a transhipment port at Vizhinjam, Kerala, and a container terminal at Myanmar.