These bonds were issued in 2019 when APSEZ had raised $650 million through five-year bonds due for maturity in July 2024. After the US-based activist shortseller Hindenburg Research released an adverse report on Adani Group in January, the bonds fell to 86/88 cents on the dollar, and has since recovered to 97 cents, said a bond trader.
Too early to deploy cash, stay domestic-focused amid market uncertainty: Mihir Vora
Mihir Vora, CIO of Trust Mutual Fund, discusses a cautious but optimistic outlook on domestic stocks, with a focus on banks, large NBFCs, and domestic
April 7, 2025