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Adani Ports secures Rs 5,000 crore from LIC
Adani Ports secures Rs 5,000 crore from LIC
The Life Insurance Corporation of India (LIC) completely subscribed for a 15-year non-convertible debenture (NCD), securing Rs 5,000 crore, the largest domestic debt raise to date for Adani Ports and Special Economic Zone Ltd (APSEZ). The offering, which will be listed on the BSE and has a 7.75% annual coupon, is the longest-tenure rupee bond in the company’s history and among
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