Adani Enterprises Public Issuance of Secured NCDs (January 2026)

Adani Enterprises Limited (AEL), the flagship incubator of the Adani Group, has announced its third public issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). This issuance, structured with a base size of ₹500 crore and a green shoe option of an additional ₹500 crore, brings the total potential issue size to ₹1,000 crore. Designed to offer stable fixed-income returns, the NCDs are rated ‘CARE AA- (Stable)’ and ‘ICRA AA- (Stable)’, indicating a high degree of safety and very low credit risk regarding the timely servicing of financial obligations. The issue officially opens for subscription on Tuesday, January 6, 2026, and is scheduled to close on Monday, January 19, 2026, with allotment handled on a first-come, first-served basis. Investors can choose from eight distinct series with tenures of 24, 36, and 60 months, providing flexibility for both short-term liquidity and long-term wealth creation. The interest payout options include quarterly, annual, and cumulative frequencies, with an effective yield reaching up to 8.90% per annum. Specifically, the 24-month series offers a coupon of 8.60%, the 36-month series ranges from 8.48% to 8.75%, and the 60-month series offers between 8.62% and 8.90%. These yields are highly competitive compared to prevailing bank fixed deposit rates, which for major banks in early 2026 typically range between 6.00% and 7.25% for similar tenures. The minimum investment is set at ₹10,000 (10 NCDs of face value ₹1,000 each), making it accessible to retail and non-institutional investors. To ensure transparency and liquidity, the NCDs will be listed on both the BSE and NSE. The proceeds from this issuance are strategically earmarked, with at least 75% utilized for the repayment or prepayment of existing company indebtedness and the remaining 25% allocated for general corporate purposes.