Adani Enterprises Limited has informed the Exchange regarding 'Intimation Under The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 As Amended (''''SEBI Listing Regulations'''') In Relation To The Public Issue Of Non-Convertible Debentures'.
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Adani Enterprises Limited has approved the prospectus for a public issue of up to 1 crore secured, rated, listed, redeemable non-convertible debentures (NCDs) with a face value of ₹1,000 each. The base issue size is ₹500 crore, with a green shoe option allowing retention of oversubscription up to another ₹500 crore, aggregating up to ₹1,000 crore. The NCDs are offered across 8 series with tenures of 24, 36, and 60 months, carrying coupon rates between 8.48% and 8.90% per annum, with effective yields of 8.60% to 8.90%. The issue opens on January 6, 2026 and closes on January 19, 2026, with proposed listing on both BSE and NSE (BSE as designated stock exchange). The NCDs are secured by a first-ranking pari passu charge on identified loans and advances with a minimum 110% security cover.
This is a pure debt-raising exercise and does not dilute equity shareholders. The competitive coupon rates (around 8.5%–8.9%) suggest the company can raise funds at reasonable borrowing costs. Retail investors may consider subscribing for steady fixed-income returns, though they should review the prospectus for detailed risks and tax implications.