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Adani Green Delivers Cash-Backed Redemption Plan For $750-Million Bonds

The company has fully secured the outstanding holding company notes via cash balance eight months prior to maturity.

NDTV Profit Desk

Signage of Adani Group at company's residential building under construction in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Adani Green Energy Ltd. announced a cash-backed redemption plan for the $750 million worth of bonds eight months prior to maturity.

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Trade Setup For Aug. 28: Nifty Sees Key Support At 24,670

  • chevron-double-right Nifty 50 fell below its 50-day EMA, indicating strong intraday selling pressure
  • chevron-double-right Nifty 50 closed 1.02% lower at 24,712.05 with support at 24,670 and 24,500 levels
  • chevron-double-right Bank Nifty dropped below 55,000, closing lower for the fourth consecutive session
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