Adani Enterprises seeks ₹1,000cr via public NCDs: Should you invest
Adani Enterprises is looking to raise up to ₹1,000 crore by offering secured non-convertible debentures (NCDs) to the public.
The issue opened on July 9 and closes July 22, with allotment on a first-come, first-served basis.
Each NCD costs ₹1,000 and you'll need to buy at least 10 if you want in.
The company plans to list these on both BSE and NSE.
Tenors between 2 and 5 years
These NCDs come with tenors between 2 and 5 years, offering annual yields of up to 9.3%, depending on the series you pick.
There are dedicated portions for institutional buyers as well as retail investors—so there's space for everyone.
Ratings from CARE and ICRA put them at 'AA-; Stable,' indicating a high degree of safety and very low credit risk.
Funds will be used to pay off debt
Funds raised will help Adani Enterprises pay off debt, support its subsidiaries with loans, and cover general expenses.
This move follows a fully subscribed ₹800 crore NCD issue last September—showing strong investor interest in these offerings.