Adani Ports taps its largest ever domestic bond: ₹5,000 crore 15-year NCD from LIC — all you need to know

Adani Ports and Special Economic Zone Ltd. has successfully raised ₹5,000 crore via a 15-year Non-Convertible Debenture (NCD) issuance, marking its largest-ever domestic bond. This strategic financial move was fully subscribed by the Life Insurance Corporation of India (LIC), showcasing the robust investor confidence in Adani Ports' long-term growth prospects. The capital raised is expected to strengthen the company's balance sheet and support its expansion plans. The NCD issuance comes at a time when Adani Ports is focusing on expanding its infrastructure capabilities and enhancing its operational efficiencies. By securing this substantial funding, the company aims to bolster its position in the competitive logistics and port management industry. This infusion of capital is likely to be directed towards ongoing projects and potential new ventures that align with the company's strategic objectives. The decision by LIC to fully subscribe to the NCD underscores the insurer's trust in Adani Ports' financial health and future potential. As one of India's leading port developers, Adani Ports continues to play a vital role in the nation's trade and commerce. This bond issuance not only reflects the company's strong market presence but also its commitment to driving sustainable growth in the sector.

— Authored by Next24 Live