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News Topical, Digital Desk : Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Friday announced the launch of its third public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) for an aggregate size of ₹1,000 crore. The issue will open on Tuesday, January 6, 2026, and close on Monday, January 19, 2026, with allotment on a first-come, first-served basis. The base size of the issue has been set at ₹500 crore, with an option to raise an additional ₹500 crore under the green shoe option, taking the total issue size to ₹1,000 crore.
The NCDs will be listed on
both the BSE and NSE. The face value of each NCD is ₹1,000, with a minimum application amount of 10 NCDs and then in multiples of one NCD, bringing the minimum application amount to ₹10,000. These NCDs offer an effective yield of up to 8.90% per annum and are rated 'CARE AA- Stable' by CARE Ratings Ltd and 'ICRA AA- (Stable)' by ICRA Ltd. These ratings indicate a high level of security in meeting financial obligations and very low credit risk. Proceeds from this issue will be primarily used to repay or prepay existing debt, including interest liabilities, with up to 25% allocated for general corporate purposes. AEL's previous Rs 1,000 crore NCD issue, launched in July 2025, was fully subscribed within three hours on the first day.
Share Performance Adani Enterprises Ltd shares closed at Rs 2,278 on Friday, up 0.80 per cent. The company's stock has declined by 9.55 per cent in the last one year.
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