MUMBAI: The Adani Group has confirmed that Adani Portfolio Companies are listed on the Indian exchanges, NSE & BSE, in a new disclosure notification. Bonds have been issued on the international capital market by a few listed firms, including subsidiaries, and listed on the Singapore Exchange (SGX).
Six of our companies viz., Ambuja, ACC, AWL, NDTV, APL, and ATGL are solely domestic issuers and are listed on Indian exchanges, according to the notice.Only APSEZ is a corporate issuer among the four companies in our portfolio that issue global capital market papers: AGEL, ATL, APSEZ, and AEL. There is only one corporately issued instrument by AGEL. The remaining issues are all limited group issuances.
The majority of the bonds issued by Adani Portfolio Companies fall under Regulation D, 144A, and S. Nearly all bonds (except than those subject to Regulation D) are listed on SGX and/or India INX. Additionally, these notes were issued as Non-Convertible Debentures in accordance with the Reserve Bank of India's ECB rules and are subject to all current, strict ECB guidelines and regulations.These bonds' offering circulars feature thorough and comprehensive information.
Further, timely post-issuance disclosures and filings in accordance with the covenant package are provided in accordance with any regulatory requirements. The Group stated: "We are not aware of any subpoena to the US investors in the SEC news article. All of our disclosures are public information. It is customary for many regulators to request simple access to public content that can be referenced.
The companies owned by Adani Portfolio Companies have operated in accordance with all applicable laws and accounting standards.The report from the expert committee, which was chosen by the Honourable Supreme Court of India, has already been submitted. According to the report, Adani Group has implemented mitigating strategies, including debt reduction and fresh investment, which have increased investor trust.
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