New Delhi, Sept. 27 -- Adani Ports and Special Economic Zone Ltd informed exchanges on Wednesdaythat it will buy back up to $195 million of its notes due in 2024 at a price below their original issue.

According to a filing with the exchange, the company has started a tender offer to buy the outstanding 3.375% senior notes due 2024 for up to $195 million in cash.

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Further, the company stated that the purpose of the tender offer is to partially prepay the company's impending debt maturities in its exchange filing. The Company anticipates that the $325 million notes will co...