Adani Electricity Mumbai Ltd concludes USD 44.661 Mn Open Market Repurchase of its Senior Secured Notes

Adani Electricity Mumbai Ltd. ("AEML") refers to the USD 300 Mn 3.867% Senior Secured Notes due 2031 issued on 15 July 2021 (the "Notes").

Adani Electricity Mumbai Ltd. (AEML), the Mumbai distribution arm and a subsidiary of Adani Energy Solutions Ltd. (AESL), has repurchased and cancelled USD 44.661 million of its USD 300 million 3.867% Senior Secured Notes due 2031. The buyback, funded through internal cash flows, reduces the outstanding principal to USD 255.339 million.

This move is part of AEML's ongoing capital management plan. Earlier, the company completed a USD 120 million tender offer in November 2023, and a USD 49.5 million open market repurchase in June 2025 under its USD 1,000 million 3.949% Senior Secured Notes due 2030. These actions highlight AEML's strong cash generation and financial flexibility.

AEML may consider further liability management exercises, subject to market conditions, which could materially reduce outstanding debt across maturities.

This announcement is not an offer to sell or purchase securities.

Shares of Adani Energy Solutions Limited was last trading in BSE at Rs. 763.10 as compared to the previous close of Rs. 766.75. The total number of shares traded during the day was 59243 in over 2782 trades.

The stock hit an intraday high of Rs. 773.75 and intraday low of 761.35. The net turnover during the day was Rs. 45437886.00.

Source : Equity Bulls

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