Adani Ports and Special Economic Zone (APSEZ), one of the largest private multi-port operators, announced that its board of directors at its meeting held on Sep.18, 2021, has given in-principle approval for issuance of Non-Convertible Debentures (NCDs) for capex / refinancing of existing debt and general corporate purpose for an amount not exceeding Rs 10 billion in one or more tranches on private placement basis. The debentures may be secured or unsecured as may be determined at the time of issue.

Shares of the company gained Rs 1.15, or 0.15%, to trade at  Rs 768.65.  The total volume of shares traded is 112, 560 at the BSE (12.14 p.m., Monday).