Adani Ports' successful bond issue; more expected: Bankers

Adani Ports and Special Zone, India's largest private port operator, made its debut in the bond market after a hiatus of over two years.

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The bond issue witnessed robust demand. This fundraising move comes in the wake of the Supreme Court's ruling that the group does not need to undergo further investigations beyond the ongoing scrutiny by the market regulator. The decision brought major relief to the conglomerate hit hard by allegations of wrongdoing by a US short-seller. Earlier in the day, the group's port operator unit accepted bids aggregating to Rs 500 crore ($60.2 million) for t