Adani Enterprises Limited has informed the Exchange regarding ' Intimation In Relation To Filing Of Prospectus For Public Issue Of Non-Convertible Debenture'.
ADANIENT · price
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Adani Enterprises Limited has filed the prospectus for a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) with face value of ₹1,000 each. The base issue size is ₹500 crore, with a green shoe option of an additional ₹500 crore, aggregating up to ₹1,000 crore. The issue opens on July 9, 2025 and closes on July 22, 2025. Coupon rates range from 8.85% to 9.30% per annum across tenures of 24, 36, and 60 months, with effective yields up to 9.30%. The NCDs are secured by a first-ranking pari passu charge on the company's loans and advances with at least 110% security cover.
This is a debt-raising move, not an equity dilution, so existing shareholders won't see their stake reduced. The borrowing cost of 8.85%-9.30% reflects current market rates for a well-rated issuer, and the funds will add to the company's capital base for business needs.