Adani Ports and Special Economic Zone Ltd (APSEZ), which is looking to expand its ports business, plans to raise up to Rs 10,000 crore by way of options including sale of equity shares or warrants. The company controlled by Gautam Adani is trying to scale up its business by looking at acquisitions, building new ports, and looking at public-private partnership (PPP) projects in Union government-owned ports. The company is also seeking to raise its borrowing limits by authorising its board through a special resolution to borrow up to Rs 35,000 crore and the power to undertake a qualified institutional placement (QIP).
The company´s shareholders had, in August 2014, authorised the board to exercise borrowing powers of up to Rs 25,000 crore.
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