Latest news with #Jugeshinder'Robbie'Singh


India.com
07-07-2025
- Business
- India.com
Gautam Adani mega plan for investors! 9.3% interest on investment for…, Adani Enterprises Rs 10000000000…
Gautam Adani- File image The flagship company of billionaire Gautam Adani's group announced a Rs 1,000 crore non-convertible debenture (NCD) issue, offering an effective annual yield of up to 9.30%. According to a company statement, the issue will open on Wednesday, July 9, 2025, and close on July 22. This is Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. Adani Enterprises Rs 1,000 cr NCD Issue '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,' Jugeshinder 'Robbie' Singh, Group CFO, Adani Group, said. '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 successfully scaling the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem. Each of these verticals is poised to play a transformative role in India's journey toward a USD 5-trillion economy,' he added. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on the first day. 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. What Are Benefits For Investors? 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 the investors. The proposed NCDs have been rated 'Care AA-; Stable' and '[ICRA]AA- (Stable)'. CARE Ratings first upgraded the credit rating of AEL on February 19, 2025 and reaffirmed the rating on 18 June 2025. ICRA assigned '[ICRA]AA-(Stable)' rating on March 28, 2025 and reaffirmed it on June 17, 2025. Securities with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk. 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, making the minimum application size of Rs 10,000. '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 maximum of 25 per cent) for general corporate purposes,' the statement said. Nuvama Wealth Management Ltd, Trust Investment Advisors Pvt Ltd and Tipsons Consultancy Services Pvt Ltd are the lead managers to the issue. 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. (With Inputs From PTI)


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.


India Gazette
06-07-2025
- Business
- India Gazette
Adani Enterprises announces Rs 1,000 crore NCD issue offering up to 9.30% p.a.
Ahmedabad (Gujarat) [India], July 6 (ANI): Adani Enterprises Limited, the flagship company of the Adani Group and India's largest listed business incubators in terms of market capitalization with a long track record of creating sustainable infrastructure businesses since 1993, has announced the launch of its second public issuance of secured, rated, listed redeemable, non-convertible debentures. 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 centers, and the green hydrogen ecosystem. Each of these verticals is poised to play a transformative role in India's journey toward a USD 5 trillion economy,' he added. 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 the investors. The proposed NCDs have been rated 'Care AA-; Stable' and '[ICRA]AA- (Stable)'. CARE Ratings first upgraded the credit rating of AEL on 19 February 2025 and reaffirmed the rating on 18 June 2025. ICRA assigned ''[ICRA]AA- (Stable)' rating on 28 March 2025 and reaffirmed it on 17 June 2025. Securities with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk. 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 ('Issue' or 'Issue Size'). The Issue will open on 9 July 2025, and close on 22 July 2025, with an option of early closure or extension. The NCDs have a face value of Rs 1000 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. At least 75 per cent of the proceeds from the issuance will be utilized 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. Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. 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. (ANI)

The Hindu
06-07-2025
- Business
- The Hindu
Adani Enterprises announces second public NCD issue worth up to ₹1,000 crore
Adani Enterprises Limited (AEL), the flagship firm of the Adani Group, has announced the launch of its second public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs), following its debut NCD issue of ₹800 crore in September 2023, which was fully subscribed on the first day. The new issue opens on July 9, 2025, and will close on July 22, 2025, with the possibility of early closure or extension. The base size of the issue is ₹500 crore, with a green shoe option to retain an additional ₹500 crore, aggregating up to ₹1,000 crore. The NCDs will be offered in tenors of 24 months, 36 months, and 60 months, with quarterly, annual, and cumulative interest payment options across eight series. '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. The proposed NCDs have been rated 'Care AA-; Stable' and '(ICRA) AA- (Stable)'. CARE Ratings upgraded AEL's credit rating on February 19, 2025, and reaffirmed it on June 18, 2025. ICRA assigned its rating on March 28, 2025, and reaffirmed it on June 17, 2025. Instruments with these ratings are considered to have a high degree of safety for timely servicing of financial obligations and carry very low credit risk. '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 centers, and the green hydrogen ecosystem. Each of these verticals is poised to play a transformative role in India's journey toward a $5 trillion economy,' Mr. Singh added. AEL stated that it remains the only corporate (outside of NBFCs) offering a listed debt product aimed at retail investors, creating an opportunity for individual and non-institutional investors to engage in infrastructure development. '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 the investors,' the company said in a statement. The face value of each NCD is ₹1,000, and the minimum application size is ₹10,000 (10 NCDs), with further investment allowed in multiples of one NCD thereafter. At least 75% of the net proceeds will be used for the prepayment or repayment of existing debt, while the remaining 25% will be used for general corporate purposes, it said. Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, and Tipsons Consultancy Services Private Limited are acting as Lead Managers to the Issue, the company said.


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.