365Telugu.com online news,Ahmedabad, July 7, 2025: Adani Enterprises Limited (AEL), the flagship of the Adani Group and one of India’s largest listed business incubators, has announced the launch of its second public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to ₹1,000 crore.
The issue will open on July 9, 2025, and close on July 22, 2025, with an option for early closure or extension. The NCDs carry a face value of ₹1,000 each, with minimum application set at ₹10,000 (10 NCDs) and multiples of ₹1,000 thereafter. The base issue size is ₹500 crore with an option to retain oversubscription of up to an additional ₹500 crore under a green shoe option.
The NCDs have been rated “AA- (Stable)” by both ICRA and CARE Ratings, reflecting high safety regarding timely servicing of financial obligations and low credit risk. The offering provides investors an effective yield of up to 9.30% per annum, with tenures of 24, 36, and 60 months, and options for quarterly, annual, or cumulative interest payments.
At least 75% of the proceeds will be used to repay or prepay existing loans, with the balance going toward general corporate purposes.
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This follows AEL’s successful debut NCD issue of ₹800 crore in September last year, which was fully subscribed on the first day. Commenting on the launch, Adani Group CFO Jugeshinder ‘Robbie’ Singh said, “This second NCD issuance reaffirms our commitment to deepening retail participation and funding India’s next-generation infrastructure. The robust response to our previous issue, including a rating upgrade within six months, demonstrates investor confidence in our financial strength and delivery capabilities.”
AEL continues to expand in critical infrastructure segments including airports, roads, data centers, and green hydrogen, alongside existing platforms such as Adani Ports, Adani Energy Solutions, Adani Power, and Adani Green Energy.
Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, and Tipsons Consultancy Services Private Limited are lead managers for the issue. The NCDs will be listed on both BSE and NSE, with allotments on a first-come-first-served basis.