Adani Enterprises has announced that its Management Committee of the Board of Directors will convene on March 24, 2026, to deliberate on the early redemption of certain non-convertible debentures (NCDs). These NCDs, which are unlisted, secured, unrated, and redeemable, were issued on a private placement basis.
The company specified two series of debentures that are under consideration for early redemption. The first series, identified by ISIN INE423A07294, comprises 1,25,000 debentures with a total face value of ₹1,250 crore, issued on July 11, 2023. The second series, bearing ISIN INE423A07302, includes 70,000 debentures amounting to ₹700 crore, issued on October 11, 2023.
The face value of each debenture stands at ₹1,00,000. The decision to redeem these debentures ahead of their maturity is subject to obtaining the necessary approvals.
This strategic move by Adani Enterprises is aimed at optimising its financial structure and could potentially enhance the company’s liquidity position. Stakeholders and investors are advised to keep a close watch on the outcomes of the upcoming meeting.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).