Adani Enterprises to raise Rs 1,000 crore via retail bonds
The latest proposed issue includes a green-shoe option of Rs 500 crore, allowing the company to retain oversubscription if demand is strong.The bonds will be managed by Nuvama Wealth Management, Trust Investment Advisors, and Tip Sons Consultancy Services. However, key details such as the interest rate (coupon), tenure, and launch date are yet to be announced.The proposed bonds have been rated AA- by both ICRA and Care Ratings, signalling a relatively stable credit outlook.This move comes at a time when more corporate giants are looking to tap the retail bond market, as investor appetite for fixed income products grows amid volatile equity markets. - Ends
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Time of India
43 minutes ago
- Time of India
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Time of India
43 minutes ago
- Time of India
14 law colleges in Gujarat back in admission process
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Time of India
43 minutes ago
- Time of India
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