Adani Enterprises to Raise Rs 1,000 Cr via NCDs with 9.30% Yield

erprises Limited, the flagship of Adani Group, plans to raise Rs 1,000 crore through its second public issue of secured, rated, listed non-convertible debentures (NCDs). The subscription opens on July 9, 2025, and closes on July 22, 2025, with possible early closure or extension. Key Details Issue Size: Rs 500 crore base issue, with a green shoe option for another Rs 500 crore. Coupon Rate: Up to 9.30% per annum, depending on tenor and payment frequency. Tenure: 24, 36, and 60 months (highest yield for 5 years). Face Value: Rs 1,000 per NCD; minimum investment Rs 10,000 (10 NCDs). Credit Rating: “CARE AA-; Stable” and “[ICRA]AA- (Stable)”. Listing: BSE and NSE. Use of Funds: 75% for debt repayment, 25% for general corporate purposes. Context Following a successful Rs 800 crore NCD issue in 2024, Adani Enterprises aims to attract retail investors with this offering amid a softening interest rate environment. The company, a leader in infrastructure, airports, and green energy, continues to expand its portfolio.