Adani Ports offers to buy back up to $195 million of 2024 bond
![](https://portfolio.investmentguruindia.com/uploads/news/247dc2548e82b7532b33700c3f03aca6.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Adani Ports and Special Economic Zone will buy back as much as $195 million of its 2024 bond, the billionaire Gautam Adani-led company said in an exchange filing on Wednesday.
Adani Ports had started a buyback program of some debt securities in April to prepay part of its near-term loans due next year.
Earlier this year, the ports and logistics company had floated a tender of up to $130 million as it tried to boost investor confidence after the group's shares were hit by a U.S. short-seller's report in January.
The company has said it plans to keep buying the outstanding notes over the next three quarters for cash.
The Adani-led group's seven-listed stocks have lost over $100 billion in market value since a Jan. 24 report by Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation. The group denied all allegations.
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)