Adani Green Energy – The News Desk

India's largest private port operator Adani Ports and Special Economic Zone has moved one step closer to returning to the corporate bond market, as it has received ratings earlier this week for a planned debt issue. Rating agency ICRA has assigned AA+ rating for 100 billion rupees ($1.20 billion) of bonds of the company, while India Ratings and Research has assigned AA+ rating to bonds worth 50 billion rupees, according to ratings notes. While ICRA said its rating factors in the company's strong business profile, India Ratings said it continues to take a consolidated view of the company and its subsidiaries. Earlier in December, Reuters reported citing sources that Adani Ports is mulling a fundraise of up to 10 billion rupees from the domestic bond market in th...

BENGALURU (Reuters) - Abu Dhabi conglomerate International Holding Company (IHC) said on Thursday it would sell its stake in India's Adani Green Energy and Adani Energy Solutions as part of its portfolio rebalancing strategy. It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment. IHC said its units Green Energy Investment Holding and Green Transmission Investment Holding have signed an agreement to sell their investments in the two Adani group companies. Green Energy holds a 1.26% stake in Adani Green and Green Transmission has a 1.41% stake in Adani Energy Solutions, according to Bombay Stock Exchange data. Last year, Ad...

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ICRA assigns AA+ rating to Adani Ports on strong business profile

IHC to sell stake in Adani units as part of portfolio rebalancing strategy