The company aims to raise up to Rs 250 crore through the sale of a 2034 bond with a coupon of 8.80% and Rs 250 crore through the sale of a 2029 bond with a coupon of 8.70%, sources aware of the development said. Bidding for the two sets of NCDs are to take place on January 8 from 11:30 am to 1 pm, they said.
The Adani-led group s seven-listed stocks have lost over $100 billion in market value since a Jan. 24 report by Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation. The group denied all allegations.