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This is the second retail bond issue by Adani Enterprises, which had raised ₹800 crore through a maiden domestic public issuance in September last year. | Photo Credit: AMIT DAVE
Adani Enterprises will be raising up to ₹1,000 crore through the public issue of non-convertible debentures, according to a draft prospectus filed on the stock exchanges.
The public issue consists of a base size of ₹500 crore and a greenshoe option of another ₹500 crore.
The company will be issuing 1 crore debentures with a face value of ₹1,000 each.
Of the funds raised, 75 per cent will be used to prepay or repay existing debt and the remaining for other general corporate purposes.
The company said the NCDs to be issued have been rated ‘AA-‘ by CARE Ratings with a stable outlook. The bonds will be listed on the exchanges.
This is the second retail bond issue by the company, which had raised ₹800 crore through a maiden domestic public issuance in September last year.
The tenor, coupon rate and the timing of the launch have not been disclosed.
Nuvama Wealth Management, Trust Investment Advisors and Tipsons Consultancy Services are lead managers to the issue.
Published on June 30, 2025
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