Adani Ports market cap crosses Rs 1 trillion mark
PORTS & SHIPPING

Adani Ports market cap crosses Rs 1 trillion mark

In a recent development, Adani Ports and Special Economic Zone (APSEZ) led by Gautam Adani surpassed Rs 1 trillion in market capitalisation for the first time. The development comes on the heels of the closure of the first-ever $300 million public dollar bond issuance by Adani International Container Terminal Private Limited (AICTPL) on December 21.

AICTPL is a joint venture shared in equal halves between Terminal Investment Limited (TiL), the sixth-largest container terminal operator in the world and APSEZ. The issue witnessed large scale participation from prime real money investors as interests poured in from as many as 220 different accounts. Consequently, the company stated that this led to an oversubscription of about ten times.

The purpose of pricing the bond at par was to receive a yield of 3%. This was the lowest coupon that was accomplished by any corporate Indian issuer in the last five years.

In a recent development, Adani Ports and Special Economic Zone (APSEZ) led by Gautam Adani surpassed Rs 1 trillion in market capitalisation for the first time. The development comes on the heels of the closure of the first-ever $300 million public dollar bond issuance by Adani International Container Terminal Private Limited (AICTPL) on December 21. AICTPL is a joint venture shared in equal halves between Terminal Investment Limited (TiL), the sixth-largest container terminal operator in the world and APSEZ. The issue witnessed large scale participation from prime real money investors as interests poured in from as many as 220 different accounts. Consequently, the company stated that this led to an oversubscription of about ten times. The purpose of pricing the bond at par was to receive a yield of 3%. This was the lowest coupon that was accomplished by any corporate Indian issuer in the last five years.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?