Adani Ports starts purchase of bonds worth Rs 4,460 cr
The tender offer is conditional on the issuance of new notes in a principal amount of at least $650 million on terms and conditions satisfactory to the company, APSEZ said

New Delhi: Adani Ports and Special Economic Zone (APSEZ) said on Tuesday that it has started the purchase of bonds worth Rs 4,460 crore ($650 million) due next year. “APSEZ… announced that it has commenced a tender offer to purchase for cash (the tender offer) any and all of its outstanding USD 650,000,000 3.50 per cent senior notes due 2020 (the notes),” the company said in a regulatory filing.
The offer will expire on July 24, APSEZ added.