Ahmedabad, 6 July (IANS). Adani Enterprises Limited (AEL) on Sunday announced its second public issue of safe, rated and listed redeemable, non-convertible debenture (NCD) worth Rs 1,000 crore.
The issue will open on July 9 and will be closed on July 22 (with premature closure or expansion option), and it will be given interest of up to 9.30 percent per year to NCD holders.
The face value of each NCD is Rs 1,000. Each application will have to apply for minimum 10 NCDs. The minimum application amount will be Rs 10,000.
According to the company, NCDs offer competitive yields compared to similar rating NCDs and fixed deposits and are proposed to list them on BSE and NSE. The proposed NCD has received the “Care AA-; Stable” and “(ICRA) AA-(Stable)” rating.
Earlier, the first NCD issue of AEL, which was launched in September last year, was completely subscribed in a single day.
Group CFO of Adani Group Jugeshinder ‘Robbie’ Singh said, “The second public issue of NCD by AEL further strengthens our commitment to the inclusive capital market development and long -term infrastructure development. This new issue has come after a strong reaction of the market for the market for the first NCD offer of AEL, in which the rating upgreed for the market for the first NCD offer of AEL, in which the rating upgrades of AEL have come after the first NCD offer of AEL, AEL’s first NCD. Capital price growth has been observed, which reflects the constant delivery and financial strength of the group. “
The company said that NCDs are available in a period of 24 months, 36 months and 60 months, with the quarter, annual and cumulative interest payment options in eight series.
According to India’s largest listed business incubator in terms of Adani Group’s flagship company and market capitalization, the base size of the issue is Rs 500 crore, with an option to maintain over-seminal for an additional Rs 500 crore (green shoe option), which leads to Rs 1,000 crore.
AEL is the only corporate (outside the NBFC sector) that offers a date product listed for retail investors, making individual and non-institutional investors a rare opportunity to participate in India’s infrastructure development story.
Care Ratings first upgraded AEL’s credit rating on February 19, 2025 and retained the rating on 18 June.
-IANS
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