India, March 19 -- Adani Ports and Special Economic Zone (APSEZ) Monday said its board has given nod for buyback of non-convertible debentures (NCDs) worth Rs 1,400 crore.
The logistic arm of the Adani Group - APSEZ is one of the largest port developers in the country.
"The Board of Directors at its meeting held on 18th March, 2019...has approved the Buy-Back of 14,000 Non-Convertible Debentures (NCDs) aggregating to Rs 1,400 crores from the existing Debenture Holders," the company said in a regulatory filing.
The buyback will be done in one or more tranche through negotiated deals as may be agreed, it said.
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