Adani Green Energy Limited on Monday announced the redemption plan for $750 million Holdco Bond due on September 9, 2024. With this, the Adani Group company has fully defeased the Holdco notes, eight months prior to the maturity date.
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“The outstanding amounts of the Holdco Notes shall be fully secured through cash balances set aside as part of various reserve accounts securing the Holdco Notes, eight months prior to the maturity,” it said in a filing to the exchanges.
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Shares of Adani Green Energy Ltd were trading 1.67% higher ₹1,702 apiece on the NSE. The stock has gained 6% in the last five trading sessions.
