Adani Electricity Mumbai Ltd. (AEML), the distribution arm and a subsidiary of Adani Energy Solutions Ltd. (AESL), on Tuesday, September 2, announced that it has repurchased $44.6 million of its $300-million 3.867% senior secured notes that were due to mature in 2031.
The buyback, funded through internal cash flows, reduces the company’s outstanding debt to $255.3 million, according to a stock exchange filing.
“This move is part of AEML’s ongoing capital management plan. Earlier, the company completed a $120 million tender offer in November 2023, and a $49.5 million open market repurchase in June 2025 under its $1,000 million 3.949% senior secured notes due 2030,” the company said.
Moreover, AEML may consider further liability management exercises, subject to market conditions, which could materially reduce outstanding debt across maturities, according to the update.
Last month, Abu Dhabi-based Envestcom Holding RSC Ltd offloaded 2.2 crore shares of Adani Energy Solutions that fetched around ₹1,737 crore. The block deal — representing 1.8% of Adani Energy Solutions’ equity — triggered a 3% drop in the stock.
Foreign portfolio investors with substantial stakes in Adani Energy Solutions include INQ Holding LLC and GQG Partners. INQ Holding owns a 1.1% stake, while GQG Partners holds 5.2% in the company.
Q1 performance
During the April-June quarter, Adani Energy reported a net profit of ₹512.5 crorecompared to a net loss of ₹824 crore during the same quarter last year. While the base quarter had an exceptional loss of ₹1,506 crore, this quarter has had no one-off in the numbers. Revenue for the period increased by 27% on a year-on-year basis to ₹6,819.3 crore from ₹5,378.5 last year.
Also read: Adani Energy Solutions wins ₹1,660-crore transmission project in Maharashtra
Shares of Adani Energy closed slightly lower at ₹763.1down 0.5% on the BSE today.
