Adani Ports and Special Economic Zone Ltd.'s board has approved plans to raise up to Rs 5,000 crore via bonds.
The company will issue secured, rated, listed, redeemable, and non-convertible debentures with a face value of Rs 1,000 each through one or more tranches, an exchange filing said on Wednesday.
The board also approved the re-designation of Gautam Adani as executive chairman up to July 30, 2027, and Karan Adani as managing director up to May 23, 2027.
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It has appointed Ashwani Gupta as chief executive officer effective Jan. 4 and accepted the resignation of Malay Mahadevia as a director.
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