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The Times of India
The Times of India
Business
Bloomberg

Adani Ports to buy back another $195 million of 2024 bond

Adani Ports Gautam Adani Adani Ports and Special Economic Zone Ltd Mumbai United States

MUMBAI: Adani Ports and Special Economic Zone Ltd will buy back as much as $195 million of its 2024 bond, as the Indian conglomerate backed by billionaire Gautam Adani seeks to move on from the allegations levied by a US shortseller.

The 3.375% notes jumped the most since April on news the company would pay $975 for every $1,000 in principal for debt tendered by Oct. 11. Thereafter, the offer price drops to $965 per $1,000, it said in a statement on Wednesday.

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