Adani Green Energy Subsidiaries Raise ₹6.12 Billion for Debt Refinancing

The proceeds from the NCDs will be utilized to part-refinance existing rupee term loans

February 4, 2022

/ Arjun Joshi
/ Finance and M&A, Other
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Three subsidiaries of Adani Green Energy (AGEL) – Adani Green Energy (UP), Prayatna Developers, and Parampujya Solar Energy have raised ₹6.123 billion (~$82.04 million) by their maiden domestic bond issuance on a private placement basis.

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Arjun Joshi

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