Adani Enterprises launches Rs 800 crore NCD issue with coupon rates up to 9.9%

The issue will open for subscription on September 4, and end on September 17.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Adani Enterprises announced a public issue of secured, rated, listed, redeemable, non–convertible debentures (NCDs), with the aim of raising Rs 800 crore on August 28.

The flagship Adani Enterprises firm will launch 80,00,000 NCDs with a value of Rs 1,000 each. Initially, the firm will seek to raise Rs 400 crore but has also included a green-shoe option, which, if exercised, will allow the firm to raise a further Rs 400 crore. This takes the total issue size to Rs 800. The NCDs will be listed on the BSE and NSE, both.

The NCDs have been rated "CARE A+; Positive" by CARE Ratings.

At 1.50 pm on August 29, Adani Enterprises shares were down 0.75 percent at Rs 3,005 on the NSE.

Follow our live blog to catch all the updates

The issue will open for subscription on September 4, and end on September 17. Investors can select debentures with terms between 24 and 60 months. Interest will be paid annually, quarterly, or cumulatively, depending on the NCD series selected.

Adani Enterprises has provided different coupon yields for NCD holders based on the tenor and interest payment frequency:

• For a 24-month tenor, the annual coupon rate is 9.25 percent.
• For a 36-month tenor, the coupon rate is 9.32 percent for quarterly payments and 9.65 percent for annual payments.
• For a 60-month tenor, investors can earn 9.56 percent quarterly or 9.9 percent annually.

The principal and interest of the NCDs will be secured by a first ranking, pari passu charge on the company’s current and future non-current loans and advances. This security will cover at least 110 percent of the outstanding principal and interest until the NCDs are redeemed.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.