New Delhi, May 22 (PTI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said its board has approved a proposal to raise up to Rs 6,000 crore by issuing debentures on a private placement basis for capex and refinancing of existing debt.

APSEZ, in a regulatory filing, said its board in a meeting held on May 22, 2025, has given its in-principle approval for issuance of non-convertible debentures for capex/refinancing of existing debt and general corporate purpose for an aggregate amount not exceeding Rs 6,000 crore in one or more tranches on a private placement basis.

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The type of securities proposed to be issued are secured, rated, listed, redeemable, and non-convertible debentures through private placement.

APSEZ, part of the globally diversified Adani Group, is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast and 8 ports and terminals on the East coast.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)