Life Insurance Corporation of India invested in Adani Ports. LIC purchased ₹5,000-crore non-convertible debentures. This investment supports Adani Ports’ plan to refinance debt. The company aims for longer-term borrowings at lower rates. The 15-year bond has a 7.75% coupon. Adani Ports will use the funds for capital expenditure. Refinancing existing debt is another purpose.
Jefferies is bullish on Adani Ports and 5 other logistics sector stocks. How many do you have?
Jefferies has shared an optimistic forecast for six logistics stocks, highlighting anticipated price hikes. Among them, Adani Ports is projected to rise by 20% from