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    Sonal Shridhar Shinde in News

    21-Feb-2023 12:10 PM


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    Adani Ports To Prepay Rs 1,000 Crore In Commercial Papers Maturing In March

    Adani Ports has commercial papers worth Rs 2,000 crore due to mature in March.
    This part prepayment is from the existing cash balance and funds generated from the business operations," the spokesperson said in an email repose late on Monday.
    On Monday, local media reported that Adani Ports has repaid Rs 500 crore to Aditya Birla Sun Life Mutual Fund against maturing commercial papers.
    Both the fund houses did not immediately respond to a request for comment.
    Adani Ports said in an analysts' call earlier this month that it is considering repaying the debt of about Rs 5,000 crore in fiscal 24, without specifying which bonds it would repay.
    " ... Our main objective is that we are generating cash.
    Source: NDTV