Adani Enterprises Launches NCDs Worth Rs 1,000 Crore, See Issue Launch, Returns, And Investment Details HERE
The issue, set to open on 9 July 2025 and close on 22 July 2025, will offer investors an effective yield of up to 9.30 per cent per annum.
Adani Enterprises Limited (AEL), the flagship company of the Adani Group, announced the launch of its second public issuance of secured, rated, and listed redeemable non-convertible debentures (NCDs). The issue, set to open on 9 July 2025 and close on 22 July 2025, will offer investors an effective yield of up to 9.30 per cent per annum.
Following the overwhelming response to its debut Rs 800 crore NCD issue in September last year—fully subscribed on the first day—AEL aims to raise Rs 1,000 crore through this latest offering, the firm said.
The base size of the issue stands at Rs 500 crore, with a green shoe option allowing for an additional Rs 500 crore in oversubscription.
Rating, Listing Details, And Minimum Investment Required
The proposed debentures are rated ‘AA-’ with a ‘Stable’ outlook by both CARE Ratings Limited and ICRA Limited. According to the company, CARE first upgraded AEL’s rating in February 2025 and reaffirmed it in June, while ICRA assigned and reaffirmed its rating in March and June, respectively. The securities are to be listed on both the BSE and NSE.
NCDs will be available in tenors of 24, 36, and 60 months, with various options for interest payments—quarterly, annually, or cumulatively—across eight different series. The face value of each debenture is Rs 1,000, and investors can apply for a minimum of 10 NCDs, with additional investments in multiples of one. The minimum application amount is Rs 10,000.
At least 75 per cent of the funds raised will be allocated to prepay or repay existing borrowings, while the remaining portion—up to 25 per cent—will be used for general corporate purposes.
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Positioned as Retail-Friendly Investment Amid Softer Rates
Highlighting the company’s strategy to deepen retail participation in capital markets, Adani Group CFO Jugeshinder ‘Robbie’ Singh said, “The second public issuance of NCDs by AEL further deepens our commitment to inclusive capital markets growth and retail participation in long-term infrastructure development. This new issuance follows the strong market response to AEL’s debut NCD offering, which witnessed capital appreciation for debt investors after a rating upgrade within six months, reflecting the Group’s consistent delivery and financial robustness.”
He also noted AEL’s role in building key infrastructure platforms in India, including Adani Ports & SEZ, Adani Power, Adani Energy Solutions, and Adani Green Energy, and said the company is now scaling new businesses in airports, data centres, roads, and green hydrogen. “Each of these verticals is poised to play a transformative role in India’s journey toward a $5 trillion economy,” Singh added.
As one of the few non-NBFC companies offering listed debt products to retail investors, AEL’s latest NCD issue comes at a time when interest rates are softening, creating favourable conditions for those seeking fixed-income investment opportunities.
Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, and Tipsons Consultancy Services Private Limited are acting as lead managers for the issue.
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