Buyback2 Sept 2025, 06:32 pm
Adani Electricity Mumbai Ltd. Repurchases USD 44.661 Million of its Senior Secured Notes, Reducing Outstanding Principal
AI Summary
Adani Electricity Mumbai Ltd. (AEML), a subsidiary of Adani Energy Solutions Ltd. (AESL), has repurchased and cancelled USD 44.661 million of its USD 300 million 3.867% Senior Secured Notes due 2031. This move is part of AEML's ongoing capital management plan and is funded through internal cash flows, reducing the outstanding principal to USD 255.339 million. AEML has previously completed a USD 120 million tender offer in November 2023 and a USD 49.5 million open market repurchase in June 2025 under its USD 1,000 million 3.949% Senior Secured Notes due 2030. These actions highlight AEML's strong cash generation and financial flexibility.
Key Highlights
- AEML repurchases and cancels USD 44.661 million of its USD 300 million 3.867% Senior Secured Notes due 2031
- Outstanding principal reduced to USD 255.339 million
- Part of AEML's ongoing capital management plan
- Funded through internal cash flows
- AEML may consider further liability management exercises