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Adani Group begins $130 million debt buyback

Published: April 24, 2023 at 7:19 a.m. ET An Adani Enterprises Limited board of director arrives to attend a news conference to announce the company’s forthcoming Follow-on Public Offering (FPO) in Mumbai. punit paranjpe/Agence France-Presse/Getty Images India’s Adani Ports and Special Economic Zone, part of embattled billionaire Gautam Adani’s conglomerate Adani Group, has begun a
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adani-group-begins-$130-million-debt-buyback

An Adani Enterprises Limited board of director arrives to attend a news conference to announce the company’s forthcoming Follow-on Public Offering (FPO) in Mumbai.

punit paranjpe/Agence France-Presse/Getty Images

India’s Adani Ports and Special Economic Zone, part of embattled billionaire Gautam Adani’s conglomerate Adani Group, has begun a $130 million buyback program of debt securities to prepay some of its loans due in 2024.

In a filing with the Mumbai stock exchange on Monday morning, Adani Ports IN:532921 said it has launched a tender for up to $130 million in the company’s outstanding 3.375% Senior Notes due 2024.

Adani…

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