Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Adani Enterprises Limited has announced its third public issue of secured, rated and listed non-convertible debentures, aiming to raise up to INR 1,000 crore. The issue opens on January 6 and closes on January 19, 2026, offering investors an effective yield of up to 8.90% per annum across multiple tenors. Backed by strong credit ratings and the group's expanding infrastructure portfolio, the issue is expected to attract significant retail participation. A substantial portion of the proceeds will be used to refinance existing debt, while the remainder will support general corporate requirements, reinforcing Adani Enterprises balance sheet and long-term growth strategy.
Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has announced the launch of its third public issue of secured, rated and listed non-convertible debentures (NCDs), with an aggregate issue size of up to INR 1,000 crore. The issue will open for subscription on January 6 and close on January 19, 2026, subject to early closure in case of full subscription. Advertisement
The issue has a base size of INR 500 crore, along with a green shoe option to retain oversubscription of up to an additional INR 500 crore. The NCDs will be allotted on a first-come, first-served basis and are proposed to be listed on both the BSE and the NSE, providing liquidity to investors.
The NCDs have been rated AA with a stable outlook by leading rating agencies, reflecting the company's strong credit profile and diversified business operations. Investors can choose from tenors of 24 months, 36 months and 60 months, with multiple interest payment options including quarterly, annual and cumulative payouts across eight different series. The issue offers an effective yield of up to 8.90% per annum, positioning it competitively against similarly rated fixed-income instruments.
According to the company, at least 75% of the proceeds from the issue will be utilised for the repayment or prepayment of existing borrowings, while the balance may be deployed towards general corporate purposes. This approach is expected to help optimise AEL's capital structure and reduce financing costs.
The strong response to AEL's previous NCD offering underlines investor confidence in the group. The company's second NCD issue of INR 1,000 crore, launched in July 2025, was fully subscribed within three hours on the first day.
Adani Enterprises continues to expand its presence across key infrastructure segments, including airports, roads, data centres and digital infrastructure. Recent milestones include the operationalisation of the Navi Mumbai International Airport and progress across multiple road and technology-led projects. The latest NCD issue provides retail investors an opportunity to participate in the company's long-term infrastructure-led growth while earning stable returns.
Source- PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
