In January, Adani Green had set aside funds to redeem the 4.38% Holdco bonds maturing on September 8, the company said in a statement.
“The AGEL set Capital management The philosophy has remained focused on creating long-term value through asset development and positioning. AGE as a self-propelled engine of growth,” the group said in the statement.
Holdco Notes are debt instruments sold by a holding company. They are subordinated to any senior debt issued by the group, meaning they have a lower priority for repayment in the event of insolvency.
The group said the bonds were initially issued in September 2021 to support Adani Green Energy’s growth plan for three years. During this period, Adani Green has tripled its capacity from 3.5 GW to 11.2 GW at an average annual rate of 48%.
In December last year, the company’s promoters had subscribed to a preferential warrant worth ₹9,350 crore, of which ₹7,013 crore will be available to meet any additional capital expenditure needs. Adani Shares Green energy gained 0.17% to close at ₹1,868.10 on the BSE on Monday.
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