Adani Electricity Mumbai Ltd (AEML), a subsidiary of Adani Energy Solutions, has repurchased senior secured notes valued at $49.5 million through the open market. These notes were part of the company’s $1,000 million issuance from February 2020 and were originally due for maturity in 2030.
The repurchase was funded entirely through AEML’s internal cash flows. The company has cancelled the repurchased notes, reducing its total outstanding principal to $830.5 million.
In November 2023, AEML had already conducted a tender offer, repurchasing $120 million of its notes. Including the latest transaction, the total amount repurchased from this issuance now stands at $169.5 million.
The company stated that it may consider further liability management actions based on market conditions. Any such action would be aligned with its capital management plans.
Adani Power’s total debt increased from ₹41,385 crore in FY15 to ₹49,130 crore in FY16, marking an 18.72% rise. Adani Ports reported a 28.67% increase in debt, from ₹15,155 crore to ₹19,500 crore. Adani Enterprises’ debt moved from ₹18,360 crore to ₹19,298 crore, but figures for FY15 were adjusted for demerger and are not directly comparable.
Interest costs rose for Adani Power by 11.08%, while Adani Ports recorded a decline of 6.47%. Net sales grew across Adani Power (29.11%) and Adani Ports (19.41%) during the period. Net profit for Adani Ports increased by 23.9%, while Adani Power moved from a loss to a profit.
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As of 09:57 AM on June 24, 2025, Adani Energy Solutions share price was trading at ₹860.45, a 2.78% increase, with an 8.48% increase over the past 6 months and a 17.75% decline over the past year.
AEML’s repurchase of $49.5 million worth of notes brings down the company’s outstanding dues to $830.5 million. The company has repurchased a total of $169.5 million since November 2023.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 24, 2025, 10:37 AM IST
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