LIC subscribes to Rs 5,000 crore bond issue by Adani Ports as part...

LIC subscribes to Rs 5,000 crore bond issue by Adani Ports as part of debt refinancing

Posted

LIC has fully subscribed to Adani Ports' ₹5,000 crore NCD issue, supporting their strategy to replace short-term debt with longer-term, lower-cost options. The 15-year bond, with a 7.75% coupon rate, will fund capital expenditure and refinance existing liabilities. This move extends Adani Group's debt maturity profile, lowering their average cost of funds to 7.92% in fiscal year 2025.

Read Full Article

Please log in to like, share and comment!

Business

ITR filing FY 2024-25: Taxpayers take note! These 7 changes in new ITR forms excel utilities are important

The income tax department has implemented new validation rules for ITR-1 and ITR-4 forms for FY...

Von 0 1

Business

US trade deficit narrows: Trade gap halves in April; China tensions keep outlook uncertain

The US trade deficit dramatically narrowed in April to a two-year low, plummeting by over 55% due...

Von 0 1

International

'Ridiculous and false': Joe Biden refutes autopen misuse allegations as Trump orders probe into 'conspiracy'

Donald Trump has initiated an inquiry into Joe Biden's administration, alleging the misuse of...

Von 0 3

Entertainment

Tarun reacts to Deepika’s alleged 8hr workdays demand

Filmmaker Tarun Mansukhani is gearing up for the release of 'Housefull 5', and ahead of the...

Von 0 4

Entertainment

Vani revealed she walked out of marriage with Kamal Haasan

Kamal Haasan's marriage to Vani Ganapathy ended in divorce in 1988, amidst rumors of his...

Von 0 5