Adani Electricity Buys Back $49.5 Million Of 2030 Dollar Bonds

Adani Electricity Mumbai Ltd., a subsidiary of Adani Energy Solutions Ltd., said on Monday that it has repurchased and cancelled $49.5 million worth of senior secured notes due in 2030, as part of its ongoing capital management strategy.

Following this transaction, the principal outstanding on the 3.949% notes now stands at $830.5 million, the company said in a stock exchange filing. This comes after a previous buyback of $120 million worth of the same bonds in November 2023.

The company added that it may consider further liability management exercises depending on market conditions, in line with its capital optimisation plans.