India, Sept. 2 -- Adani Electricity Mumbai Ltd (AEML), the distribution arm 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 transaction, funded through internal cash flows, brings the outstanding principal down to USD 255.339 million.
The move is part of AEML's broader capital management strategy. Previously, the company executed 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 billion 3.949% Senior Secured Notes due 2030.
AEML said these steps reflect its strong cash generation and financial flexibility, adding that it may explore further liability management ini...