Adani Power Limited is set to raise Rs 75 billion through the issuance of non-convertible debentures (NCDs).
The proposed fundraising is expected to be launched over the next three to four days. The bond issue is likely to carry tenors of two, three, four and five years, with Axis Bank, ICICI Bank and Trust Group acting as arrangers. Proceeds from the issuance are expected to be used primarily for refinancing existing borrowings and for general corporate purposes.