Adani Enterprises Announces Rs 1,000 Crore NCD Issue
Adani Enterprises Limited (AEL) is the flagship company of the Adani Group. It has announced its second public issuance of secured, rated, listed redeemable non-convertible debentures (NCDs). These debentures are worth up to Rs 1,000 crore. The issue offers an effective yield of up to 9.30% per annum.
Key Features
- Issue Details: The issue opens on July 9, 2025, and closes on July 22, 2025.
- Credit Rating: The proposed NCDs have been rated “Care AA-; Stable” and “[ICRA]AA- (Stable)”. This indicates a high degree of safety. There is low credit risk.
- Tenure: NCDs are available in tenors of 24 months, 36 months, and 60 months. There are quarterly, annual, and cumulative interest payment options across eight series.
Use of Proceeds
- Debt Repayment: At least 75% of the proceeds will be used for prepayment or repayment of existing indebtedness.
- General Corporate Purposes: Up to 25% of the proceeds will be used for general corporate purposes.
Benefits for Investors
- Stable Income: The NCD issue offers a stable, fixed-income avenue for investors.
- Competitive Yields: The yields are competitive compared to similarly rated NCDs and fixed deposits.
Lead Managers
- Nuvama Wealth Management Ltd
- Trust Investment Advisors Pvt Ltd
- Tipsons Consultancy Services Pvt Ltd
