Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on April 24 that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024.
Adani Ports has floated a tender of up to $130 million in outstanding debt, it said in an exchange filing, as it seeks to boost investor confidence after the group’s shares were pummelled earlier this year by a U.S. short-seller’s report.
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