Adani Enterprises reveals plans for a Rs 1,000 crore Non-Convertible Debenture (NCD) issuance, offering interest rates as high as 9.30% per annum.

Adani Enterprises reveals plans for a Rs 1,000 crore Non-Convertible Debenture (NCD) issuance, offering interest rates as high as 9.30% per annum.

**Adani Enterprises Launches Second NCD Issue, Offering Competitive Yields**

Adani Enterprises Limited, India's largest listed business incubator by market capitalization, has announced the launch of its second public issuance of secured, rated, listed redeemable non-convertible debentures (NCDs). This follows the successful subscription of its first NCD issuance of Rs 800 crore last September.

The new issue, valued at Rs 1,000 crore, is set to open on 9th July 2025 and close on 22nd July 2025, with an option for early closure or extension. The NCDs are available in tenors of 24 months, 36 months, and 60 months, offering an effective yield of up to 9.30% per annum.

Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. The balance, up to a maximum of 25 per cent, will be used for general corporate purposes.

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. The remaining funds will support the group's long-term infrastructure growth initiatives.

The proposed NCDs have been rated "Care AA-; Stable" and "[ICRA]AA- (Stable)" by CARE Ratings and ICRA Limited, respectively. These ratings reflect a low credit risk associated with the securities.

The first NCD issuance by Adani Enterprises was fully subscribed on the first day and saw capital appreciation for investors following a credit rating upgrade within six months. This indicates strong investor confidence and positive market reception based on the group's financial robustness and consistent delivery.

The debentures will be listed on both BSE and NSE, providing liquidity and transparency for investors. Given Adani Enterprises’ role as an incubator for critical energy, transport, and infrastructure businesses—like Adani Ports, Adani Energy, and Adani Green Energy—these NCDs are positioned to benefit from the group’s expansion into high-growth sectors such as green hydrogen and data centers, aligned with India's economic development goals.

Jugeshinder 'Robbie' Singh, Group CFO of Adani Group, stated that the second NCD issuance deepens the group’s commitment to inclusive capital markets growth and retail participation in long-term infrastructure development. He further added that these securities carry very low credit risk.

In summary, Adani Enterprises' NCDs exhibit a strong performance history and a favorable outlook, backed by solid credit ratings, secured issuance, and strategic business growth initiatives. The new issue offering a yield of 9.3% is likely to attract retail and institutional investors seeking stable, long-term fixed income instruments amid infrastructure sector growth in India.

**Key Summary Table:**

| Aspect | Details | |------------------------------|------------------------------------| | Latest NCD Issue Size | Rs 1,000 crore | | Issue Period | July 9 - July 22, 2025 | | Effective Yield | Up to 9.30% p.a. | | Credit Rating | AA- (Stable) by CARE & ICRA | | Previous Issue Performance | Fully subscribed, rating upgraded | | Secured, Listed | Yes, listed on BSE and NSE | | Market Outlook | Positive, backed by infrastructure expansion plans |

1. The launch of Adani Enterprises' second NCD issue, valued at Rs 1,000 crore, is attracting interest from retail and institutional investors seeking stable, long-term fixed income instruments due to its high yield and positive market outlook.
2. The proposed NCDs are positioned to benefit from Adani Enterprises' growth into high-growth sectors like green hydrogen and data centers, aligning with India's economic development goals.
3. Given the strong performance history and favorable outlook of Adani Enterprises' NCDs, backed by solid credit ratings, secured issuance, and strategic business growth initiatives, it is likely that this new issue will be favorably received in the broader news, business, and opinion landscape within finance and investing communities.

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