India's Adani Ports launches $130m buyback of debt securities

India's Adani Ports launches $130m buyback of debt securities

FILE PHOTO: The logo of the Adani Group is seen on one of its buildings in Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File Photo

India’s Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on Monday that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024.

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