Adani Ports starts buyback of $650 million bonds due next yearAdani Ports and Special Economic Zone Ltd began a tender offer to buy back bonds worth $650 million due next year, Mint reported citing a company statement. The bond repurchase programme by the Adani group firm that closes on 24 July, buys back the $1,000 bonds at $1,009.5 each. The company is also issuing new bonds of at least $650 million, proceeds of which will be used for the buyback of the bonds due in 2020. Adani Ports claims to be the country’s largest port developer and operator with a 21.2% share of port capacity. Charting out its multi-brand approach to the workspaces opportunity in India, Oyo introduced three co-working brands under Oyo Workspaces: Innov8, Powerstation and Workflo for upper mid-scale, mid-scale and economy segments, respectively.

Source: Mint July 17, 2019 04:18 UTC