Adani Enterprises Limited (AEL), the flagship company of the Adani Group, announced on January 2, 2026, the launch of its third public issue of secured, rated, listed, redeemable, non-convertible debentures (NCDs) aggregating to Rs 1,000 crore. The NCDs carry a face value of Rs 1,000 each and offer an attractive interest rate of up to 8.90 percent per annum, depending on the tenor and category of investor. The issue is aimed at raising funds for general corporate purposes, including debt repayment, capital expenditure, and working capital requirements.
The subscription for the NCDs will open on January 6, 2026, and close on January 19, 2026, with the company reserving the right to exercise an option for early closure or extension of the issue dates. Each application must be for a minimum of 10 NCDs (Rs 10,000), with subsequent applications in multiples of 10. The NCDs are being offered across different tenors and interest payment frequencies, catering to both retail and institutional investors seeking fixed-income instruments with competitive yields.
This marks the third such public NCD issuance by Adani Enterprises in recent years, reflecting the company’s continued reliance on debt markets to fuel its growth across sectors such as infrastructure, energy, logistics, and green energy. The NCDs are rated by leading agencies, offering investors a secured investment option backed by the company’s assets. The move comes at a time when Adani Group companies are aggressively pursuing expansion plans while managing their debt profile amid increased scrutiny from domestic and international investors.
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The issuance is part of a broader trend among large Indian corporates to tap the NCD market for long-term, cost-effective funding. With the issue opening next week, investors have a limited window to participate in what is expected to be a keenly watched debt offering from one of India’s largest conglomerates. Detailed terms, including coupon rates, redemption schedules, and the allotment process, will be available in the prospectus and through the company’s designated merchant bankers.
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