Adani Ports to make an early $130 million debt payment

10 May 2023 CW Team

Following over $413 million in debt being tendered for early payment, Adani Ports and Special Economic Zone, a group company of the struggling Adani group, announced on Tuesday that it would pay $130 million of its debt early.

Late this month, Adani Ports announced a tender for up to $130 million in dollar-denominated bonds with a 3.375% maturity date, in an effort to regain investor trust after the group's shares were severely damaged earlier this year by a US short-seller's report.

The firm, led by billionaire businessman Gautam Adani, has lost roughly $114 billion in market value since a Hindenburg Research study on January 24 accused it of unlawful use of offshore tax havens and stock manipulation. The organisation has seven listed stocks. The group refuted all charges.

Also read:
Myanmar Port sold at discounted price of $30 million by Adani Ports
DCI receives dredging contract from Paradip port authority

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..