Mumbai International Airport Ltd to raise upto $1.25 bn through Notes

The Board of Directors of Mumbai International Airport Limited (the "Issuer"), a step down subsidiary company of Adani Enterprises Limited, at its meeting held on 14th January 2022, has approved the issuance of US Dollar denominated Rule 144A/ Reg S Senior Secured Fixed Rate Bonds ("Notes"), which may, be issued in one or more tranches overseas and that may be listed in any one or more stock exchanges in India or overseas.

The proceeds from the issuance of the Notes will be utilised for refinancing of existing debt and to fund capital expenditure requirements of the Issuer, in accordance with applicable laws. The total amount raised will not exceed USD 1.25 Billion.

The pricing, tenure and other terms of the Notes to be issued will be determined by the Authorized Signatories of the Issuer, on or after 19th January 2022, and such details shall be intimated in due course. Please treat this as an intimation required under Regulation 30 of the Listing Regulations.

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 1871.80 as compared to the previous close of Rs. 1853.95. The total number of shares traded during the day was 136481 in over 8988 trades.

The stock hit an intraday high of Rs. 1890.00 and intraday low of 1830.70. The net turnover during the day was Rs. 254649841.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 MumbaiInternationalAirport FundRaising Notes