Adani Enterprises Limited has informed the Exchange regarding a press release dated January 02, 2026, titled "Adani Enterprises launches its 3rd public issue of NCDs of ₹1,000 crore, offering up to 8.90% per annum".
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Adani Enterprises Limited has launched its 3rd public issue of non-convertible debentures (NCDs) for a total size of ₹1,000 crore, comprising a base issue of ₹500 crore and a green shoe option of an additional ₹500 crore. The NCDs are rated AA- with a Stable Outlook by both ICRA and CARE Ratings, and offer effective yields of up to 8.90% per annum across tenors of 24, 36, and 60 months. The issue opens on January 6, 2026, and closes on January 19, 2026, with allotment on a first-come-first-served basis, minimum application size of ₹10,000, and face value of ₹1,000 per NCD. At least 75% of the proceeds will be used to prepay or repay existing debt, with the remainder (up to 25%) for general corporate purposes. The company highlighted that its previous NCD issue of ₹1,000 crore launched in July last year was fully subscribed within 3 hours on day one.
The NCD issue gives retail investors a chance to invest in Adani Enterprises' debt with attractive fixed returns, while the company will primarily use the funds to refinance existing borrowings, potentially lowering overall interest costs. For shareholders, this signals active liability management but also means incremental debt on the books; however, the strong demand for previous issues suggests robust investor confidence.