Adani Enterprises Limited on Monday informed stock exchanges that it has filed the prospectus for its public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs), aggregating up to Rs 1,000 crore, according to a regulatory filing .
The issue comprises a base size of Rs 500 crore, with a green shoe option to retain oversubscription of up to Rs 500 crore, taking the total issue size to Rs 1,000 crore. The prospectus dated December 29, 2025 has been filed with the Registrar of Companies, Gujarat, as well as with BSE and NSE, the company said.
The NCD issue has been approved by the Management Committee of the Board of Directors pursuant to an earlier board approval granted on October 8, 2025, which had cleared fundraising of up to Rs 3,000 crore through non-convertible debentures.
As per the filing, the issue will open on January 6, 2026, and close on January 19, 2026, subject to early closure or extension in line with regulatory provisions. The NCDs are proposed to be listed on BSE and NSE, with BSE acting as the designated stock exchange.
The debentures are secured by a first-ranking pari passu charge on identified loans and advances classified as non-current assets, with the company maintaining a minimum security cover of 110% of the outstanding principal and interest at all times until redemption.
The issue offers multiple series with tenors ranging from 24 months to 60 months, featuring annual, quarterly and cumulative interest options. Coupon rates vary across series, with yields going up to 8.90% per annum, as detailed in the prospectus.
Background
Adani Enterprises is the flagship incubator company of the Adani Group, with interests spanning energy, transport, infrastructure, airports, mining services, and new-age businesses. The NCD issue forms part of the company’s broader capital-raising initiatives in line with its long-term funding plans.
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