Adani Ports has issued a clarification regarding a media report stating that it plans to raise $2 billion from Japanese markets. The company confirmed it consistently explores and evaluates various financing and re-financing opportunities as part of its normal capital management plan to meet capital requirements for future growth. Availing financial facilities is a routine part of the company’s business.
Response to Media Report
Adani Ports and Logistics has addressed a recent media report concerning potential fundraising activities in Japanese markets. The report suggested the company was planning to raise $2 billion.
Company Statement
Adani Ports clarified that, as part of its regular capital management strategy, it routinely explores and evaluates a range of financing and re-financing options. These activities are aimed at ensuring the company can meet its ongoing capital needs and support future growth initiatives. Securing financial resources is a standard and routine aspect of the company’s operations and business strategy.
No Material Impact
The company stated that the media report does not relate to any impending or specific action, decision, or proposal of the company. Therefore, it has no material impact on the Company, its operations, financials, or any other matter.
Source: BSE
