LIC has fully subscribed to Adani Ports’ ₹5,000 crore NCD issue, supporting their strategy to replace short-term debt with longer-term, lower-cost options. The 15-year bond, with a 7.75% coupon rate, will fund capital expenditure and refinance existing liabilities. This move extends Adani Group’s debt maturity profile, lowering their average cost of funds to 7.92% in fiscal year 2025. Post navigation Suzlon Energy rallies 13% on strong Q4 results; Motilal Oswal raises target price IndiGo to launch direct flights to London, Athens, and eight other international cities this fiscal: CEO Pieter Elbers
