The flagship of billionaire Gautam Adani has secured an A+ rating, signifying adequate degree of safety regarding timely debt servicing, from Care Ratings for the ₹1,000 crore bonds sale. It has hired JM Financial, Edelweiss Financial Services, AK Capital and Trust Capital to manage the bonds sale.
AEL is looking to sell bonds maturing in three years and five years and may pay a coupon of around 9%, said one of the bankers, seeking anonymity.
"As of now, the company has taken a rating for ₹1,000 crore. However, they may decide the exact size closer to launch," the second banker added.
"Our portfolio companies undertake routine capital management activities. As per policy, we do not comment on specific transactions which are part of normal evaluation," a spokesperson for Adani Group said.
Denne historien er fra November 07, 2022-utgaven av Hindustan Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 07, 2022-utgaven av Hindustan Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Kohli and dance of love and hate in Australia
They booed him. Then they cheered him. Then they cheered because he asked them to.
Urban slump hits FMCG firms
Despite some pockets of resilience in rural markets and price hikes to combat inflation, India's consumer goods companies faced a challenging third quarter.
Five-year plans back at Niti Aayog to cut emissions
Five-year plans that made an unceremonious exit nearly a decade ago are making a quiet comeback, this time to handhold India's decarbonization journey.
Doc raped by colleague in abandoned MP hostel
INCIDENT TOOK PLACE ON SUNDAY IN THE HOSTEL ON THE PREMISES OF A MEDICAL COLLEGE AND THE ACCUSED WAS ARRESTED SOON AFTER: COPS
KTR refuses to appear before ACB without lawyers in Formula E case
Bharat Rashtra Samithi (BRS) working president and legislator KT Rama Rao on Monday refused to appear without his lawyers before the Telangana Anti-Corruption Bureau (ACB) for questioning in connection with the alleged financial irregularities in the conduct of Formula-E racing in Hyderabad during the previous regime.
PM2.5 in '24 was at 3-year high: Study
Delhi in 2024 recorded a three-year high in terms of annual PM2.5 (particulate matter having a diameter of 2.5 microns or less) concentration, clocking a reading of 104.7 micrograms per cubic metre (μg/ m3) last year compared to 106.4µg/m3 in 2021, according to an analysis by the Centre for Science and Environment (CSE) released on Monday.
Old ailment, known pathogen: A warning against HMPV panic
For everyone holding their breath over fears of HMPV, here's a quick summary: it's an old ailment, caused by a known pathogen, and many people are likely to have been exposed to the virus by the time they are five years old.
TN GUV WALKS OUT OF STATE ASSEMBLY OVER ANTHEM ROW
Tamil Nadu governor RN Ravi on Monday walked out of Tamil Nadu assembly without reading his customary address for the second consecutive year, opposing what he described as disrespect to the national anthem and triggering a political controversy.
Dhruv light chopper fleet grounded again after Gujarat accident brings back concerns
The Indian Coast Guard has temporarily grounded its fleet of locally made Dhruv advanced light helicopters (ALH) for a safety inspection after one crashed at Porbandar in Gujarat on Sunday, killing two pilots and a diver who were on a routine training sortie, officials aware of the matter said on Monday.
CM says 9 workers trapped in inundated Assam coal mine
At least nine workers were trapped inside a coal mine in a remote area of Dima Hasao district of Assam after the mine was reportedly flooded with underground water, chief minister Himanta Biswa Sarma said on Monday.
