Adani Enterprises has announced the public issue of 100 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 1000 crore.
The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option) aggregating up to Rs 1000 crore.
The issue is scheduled to open on 09 July 2025 and close on 22 July 2025, with an option of early closure or extension.
There are 8 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, and 60 months with quarterly, annual and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 8.95% to 9.30%.
The NCDs issue has been rated Care AA-/Stable by CARE Rating and [ICRA] AA-/Stable ICRA.
The minimum application size for each application for NCDs would be Rs 10,000 across all series collectively and in multiples of Rs 1000 thereafter. Allotment is on First Come First Served Basis.
NCDs are proposed to be listed on BSE and NSE.