Intimation in relation to public issue of Non convertible Debentures
Awaiting price reaction for this filing.
Adani Enterprises Limited has filed a Draft Prospectus with BSE, NSE, and SEBI for a public issue of Non-Convertible Debentures (NCDs) with a face value of ₹1,000 each. The management committee on June 25, 2025 approved a base issue size of up to ₹500 crores, with an over-subscription option for an additional ₹500 crores, aggregating up to ₹1,000 crores. This is part of a larger board-approved NCD issuance plan of up to ₹2,000 crores authorised on October 29, 2024. The draft prospectus has been adopted and filed with the relevant exchanges and the regulator.
This move allows the company to raise fresh debt of up to ₹1,000 crores from the public, expanding its funding sources beyond banks and institutional lenders. Shareholders may see modest dilution of equity dilution risk avoided, but rising debt levels warrant monitoring of leverage and interest costs.