Adani Transmission (ATL) has raised $90 million, or Rs 686.61 crore, on a private placement basis to cater to the growing demands for power by expanding its transmission network. The $90-million US-denominated fund has been raised by Adani Transmission’s six wholly-owned subsidiaries as part of its $400-million (Rs 3051.61 crore) fund-raising plan.
The company in January raised $310 million in the first tranche. “The notes carry a fixed coupon over the tenor ofnotes and have an amortising structure matching the concession period and revenue profile of the Issuer companies,” the company said in a statement.
