- AEML bought back USD 44.7 Mn of its USD 300 Mn 3.867% Notes due 2031, cutting the outstanding to USD 255.3 Mn
- Follows earlier liability management — USD 120 Mn tender (Nov 2023) and USD 49.5 Mn repurchase (Jun 2025)
- Funded via internal cash flows, showcasing strong cash generation and balance sheet flexibility
NE BUSINESS BUREAU
AHMEDABAD, SEPT 3
Adani Electricity Mumbai Ltd. (AEML), the Mumbai distribution arm and a subsidiary of Adani Energy Solutions Ltd. (AESL), on Tuesday announced it has repurchased and cancelled USD 44.661 million of its USD 300 million 3.867% Senior Secured Notes due 2031. The buyback, funded through internal cash flows, reduces the outstanding principal to USD 255.339 million.
This move is part of AEML’s ongoing capital management plan. Earlier, the company 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.
AEML may consider further liability management exercises, subject to market conditions, which could materially reduce outstanding debt across maturities.
This announcement is not an offer to sell or purchase securities.
