Latest news with #AdaniEnterprisesLimited
NDTV
09-07-2025
- Business
- NDTV
Adani Enterprises Limited's Rs 1,000 Crore NCD Issue Fully Subscribed In 3 Hours
New Delhi: Adani Enterprises Limited's (AEL) second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore was fully subscribed within three hours of opening on Wednesday. The bond issue received bids worth over Rs 1,400 crore by 15.30 hours, the stock exchange data showed. The offering was on a first-come, first-served basis, which saw participation entirely from the non-institutional segment, including retail investors, high net worth individuals (HNIs) and corporates. The issue, which was to close on July 22, is likely to see early closure due to the issue being fully subscribed. According to market experts, what sets this bond issue apart is the strong participation from the non-institutional segment, retail HNIs and corporate investors as the company's fundamentals and credit profile remain robust. The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option), aggregating up to Rs 1,000 crore, according to the flagship company of the Adani Group. The NCDs have a face value of Rs 1,000 each. Each application has a minimum of 10 NCDs and multiples of 1 NCD thereafter. The minimum application size is Rs 10,000. The NCDs offer competitive yields compared to similarly rated NCDs and fixed deposits and are proposed to be listed on the BSE and the NSE. The proposed NCDs have been rated "Care AA-; Stable" and "(ICRA) AA- (Stable)", according to the company. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on the first day. At least 75 per cent of the proceeds from the issuance will be utilised towards the prepayment or repayment, in full or in part, of the existing indebtedness availed by the company, and the balance (up to a maximum of 25 per cent) for general corporate purposes. The NCDs are available in tenors of 24 months, 36 months, and 60 months with quarterly, annual and cumulative interest payment options across eight series, said the company.
News18
07-07-2025
- Business
- News18
Adani Enterprises To Raise Rs 1,000 Crore Via NCDs; Issue Opens From July 9
Last Updated: Adani Enterprises Limited (AEL) has announced the launch of its second public issuance of non-convertible debentures (NCDs). Adani Enterprises Share Price: Adani Enterprises Limited (AEL) has announced the launch of its second public issue of non-convertible debentures (NCDs), aiming to raise up to Rs 1,000 crore. The base issue size stands at Rs 500 crore, with an option to retain oversubscription up to an additional Rs 500 crore under the green shoe option. The issue will open on July 9, 2025, and close on July 22, 2025. Each NCD will have a face value of Rs 1,000. Investors can apply for a minimum of 10 NCDs, amounting to Rs 10,000, and in multiples of one NCD thereafter. The debentures are proposed to be listed on both the BSE and the National Stock Exchange (NSE), providing liquidity for investors. The proceeds from the NCD issue will be primarily used for debt reduction. AEL has earmarked at least 75% of the net proceeds for prepayment or repayment of existing borrowings. The remaining 25% will be allocated toward general corporate purposes. This structured allocation highlights the company's intent to strengthen its balance sheet while funding strategic initiatives. The NCDs will be offered in tenors of 24 months, 36 months, and 60 months, with interest payment options available on a quarterly, annual, or cumulative basis. There are eight series in total, catering to varied investor preferences. The effective yield ranges between 8.95% and 9.30%, depending on the selected maturity period. AEL had earlier launched its first NCD issue in September 2024, raising Rs 800 crore. That issuance was fully subscribed on the opening day. Commenting on the new offering, Jugeshinder Singh, Group CFO of the Adani Group, said the strong investor response to their debut issue was followed by a credit rating upgrade, which led to capital appreciation for debt investors. He added that AEL is scaling up the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem. The NCDs have been assigned a rating of 'CARE AA-; Stable" by CARE Ratings, which was upgraded on February 19, 2025, and reaffirmed on June 18, 2025. ICRA has also rated the instruments '\[ICRA]AA- (Stable)", initially assigned on March 28, 2025, and reaffirmed on June 17, 2025. The lead managers for the issue are Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, and Tipsons Consultancy Services Private Limited. Their role will be crucial in managing subscriptions and ensuring the success of the issue. First Published:
NDTV
06-07-2025
- Business
- NDTV
Adani Enterprises Announces Rs 1,000 Crore NCDs, Issue Opens July 9
Ahmedabad: Adani Enterprises Limited (AEL) on Sunday announced the launch of its second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore. The issue opens on July 9 and closes on July 22 (with an option of early closure or extension), offering up to 9.30 per cent per annum. The NCDs have a face value of Rs 1,000 each. Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The minimum application size would be Rs 10,000. The NCDs offer competitive yields compared to similarly rated NCDs and fixed deposits and are proposed to be listed on the BSE and the NSE. The proposed NCDs have been rated "Care AA-; Stable" and "(ICRA) AA- (Stable)", according to the company. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on the first day. "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," said Jugeshinder 'Robbie' Singh, Group CFO, Adani Group. As the incubator of India's most critical energy and transport utility platforms, including Adani Ports & SEZ, Adani Energy Solutions, Adani Power, and Adani Green Energy, AEL is now successfully scaling the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem, he added. "Each of these verticals is poised to play a transformative role in India's journey toward a $5 trillion economy," Mr Singh noted. At least 75 per cent of the proceeds from the issuance will be utilised towards the prepayment or repayment, in full or in part, of the existing indebtedness availed by the company, and the balance (up to a maximum of 25 per cent) for general corporate purposes. The NCDs are available in tenors of 24 months, 36 months, and 60 months with quarterly, annual and cumulative interest payment options across eight series, said the company. The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option), aggregating up to Rs 1,000 crore, according to the flagship company of the Adani Group and India's largest listed business incubators in terms of market capitalisation. AEL is the only corporate (outside of NBFCs) offering a listed debt product for retail investors, thereby creating a rare opportunity for individual and non-institutional investors to participate in India's infrastructure growth story. With the recent rate cuts and the beginning of a softer interest rate cycle, the AEL NCD issue comes at an opportune time for investors seeking stable, fixed-income avenues. Offering competitive yields compared to similarly rated NCDs and fixed deposits, this public issue presents a valuable proposition for investors. CARE Ratings first upgraded the credit rating of AEL on February 19, 2025 and reaffirmed the rating on June 18.
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Business Standard
06-07-2025
- Business
- Business Standard
Adani Enterprises to raise ₹1,000 crore via NCDs; issue opens 9 July
Adani Enterprises Limited (AEL) has announced the launch of its second public issuance of non-convertible debentures (NCDs). The base issue size is ₹500 crore, with an option to retain oversubscription of up to ₹500 crore under the green shoe option, taking the total issue size to ₹1,000 crore. The issue will open on 9 July 2025 and close on 22 July 2025. Each NCD has a face value of ₹1,000. Investors can apply for a minimum of 10 NCDs and in multiples of 1 NCD thereafter, setting the minimum application amount at ₹10,000. The NCDs are proposed to be listed on both the BSE and the National Stock Exchange (NSE). AEL will use a minimum of 75 per cent of the net proceeds for prepayment or repayment of existing borrowings. The remaining amount, up to 25 per cent, will be allocated for general corporate purposes. The NCDs are available in tenors of 24 months, 36 months, and 60 months, with interest payment options on a quarterly, annual, or cumulative basis across eight different series. AEL's first issuance of NCDs in September 2024 amounted to ₹800 crore and was fully subscribed on the opening day. '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,' said Jugeshinder Singh, Group CFO, Adani Group. 'AEL is now successfully scaling the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem,' he said. The proposed NCDs have been rated 'Care AA-; Stable' and '[ICRA]AA- (Stable)'. CARE Ratings had upgraded AEL's credit rating on 19 February 2025 and reaffirmed it on 18 June 2025. ICRA assigned its rating on 28 March 2025 and reaffirmed it on 17 June 2025.
Hans India
06-07-2025
- Business
- Hans India
Adani Enterprises announces Rs 1,000 crore NCDs offering up to 9.30 pc, issue opens July 9
Adani Enterprises Limited (AEL) on Sunday announced the launch of its second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore. The issue opens on July 9 and closes on July 22 (with an option of early closure or extension), offering up to 9.30 per cent per annum. The NCDs have a face value of Rs 1,000 each. Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The minimum application size would be Rs 10,000. The NCDs offer competitive yields compared to similarly rated NCDs and fixed deposits and are proposed to be listed on the BSE and the NSE. The proposed NCDs have been rated "Care AA-; Stable" and "(ICRA) AA- (Stable)", according to the company. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on the first day. "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," said Jugeshinder 'Robbie' Singh, Group CFO, Adani Group. As the incubator of India's most critical energy and transport utility platforms, including Adani Ports & SEZ, Adani Energy Solutions, Adani Power, and Adani Green Energy, AEL is now successfully scaling the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem, he added. "Each of these verticals is poised to play a transformative role in India's journey toward a $5 trillion economy," Singh noted. At least 75 per cent of the proceeds from the issuance will be utilised towards the prepayment or repayment, in full or in part, of the existing indebtedness availed by the company, and the balance (up to a maximum of 25 per cent) for general corporate purposes. The NCDs are available in tenors of 24 months, 36 months, and 60 months with quarterly, annual and cumulative interest payment options across eight series, said the company. The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option), aggregating up to Rs 1,000 crore, according to the flagship company of the Adani Group and India's largest listed business incubators in terms of market capitalisation. AEL is the only corporate (outside of NBFCs) offering a listed debt product for retail investors, thereby creating a rare opportunity for individual and non-institutional investors to participate in India's infrastructure growth story. With the recent rate cuts and the beginning of a softer interest rate cycle, the AEL NCD issue comes at an opportune time for investors seeking stable, fixed-income avenues. Offering competitive yields compared to similarly rated NCDs and fixed deposits, this public issue presents a valuable proposition for investors. CARE Ratings first upgraded the credit rating of AEL on February 19, 2025 and reaffirmed the rating on June 18.
