Adani Green Energy Limited (AGEL), the renewables arm of ports-to-power conglomerate, Adani Enterprises Limited (AEL), on Monday announced its plans to redeem $750 million worth of notes (Holdco Notes) due on September 9. The company plans to redeem the notes some eight months before they mature. “The company will pay $169 million from its internal accruals and company’s own reserves whereas $300 million are under consideration from a joint venture with TotalEnergies Renewables recently,” AGEL said in a statement.
Source: Times of India/TOI