Investment2 Jan 2026, 06:46 pm
Adani Enterprises Announces Its 3rd NCD Issue of Rs. 1,000 Crore with Up to 8.90% Annual Interest
AI Summary
Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has announced the launch of its third public issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs). The NCDs, offering up to 8.90% per annum, are aimed at broadening access to India's capital markets and giving retail investors a stake in long-term infrastructure growth. The issue, comprising a base issue of Rs. 500 crore and a green shoe option of up to Rs. 500 crore, is expected to open on 6th January 2026 and close on 19th January 2026. The proposed NCDs have been rated 'AA-' with 'Stable’ Outlook by ICRA Limited and CARE Ratings Limited.
Key Highlights
- AEL is offering NCDs with a face value of Rs. 1,000 each, with a minimum application size of Rs. 10,000 (10 NCDs) and in multiples of Rs. 1,000 (1 NCD) thereafter.
- The NCDs are available in tenors of 24 months, 36 months, and 60 months with quarterly, annual, and cumulative interest payment options across eight series.
- The base size issue is Rs. 500 crore, with an option to retain over-subscription up to an additional Rs. 500 crore.
- The proposed NCDs have been rated 'AA-' with 'Stable’ Outlook by ICRA Limited and CARE Ratings Limited.
- The NCD issue comes at an opportune time for investors seeking stable, fixed-income avenues, offering competitive yields compared to similarly rated NCDs and fixed deposits.