Adani Green Energy to defer US$1.2-20-year shares until after
The proceeds from the proposed bonds will be used to repay foreign currency loans. The launch received a positive response, but the company decided to defer to better market conditions in order to achieve tighter pricing. Some of the highest quality investors were part of the book, including large global insurance companies, asset managers and long only investors. The company is considering opening two windows in the second week of January 2025, immediately after the US elections or after the New Year holidays. Meanwhile, Adani Green Energy Ltd reported strong results for the April-June quarter (Q1) of the current financial year, with industry-leading EBITDA growth of 23 per cent to Rs 2,374 crore, while cash profit grew by 32 per cent ( YoY) increased to Rs 1,390 crore. Total revenue of India's largest and fastest growing pure renewable energy company increased 24 per cent to Rs 2,528 crore in the quarter.
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