Adani Enterprises to raise ₹1,000 crore via NCD issue
after close1 source ↓written by the desknot a recommendation
- through a public
- ₹1,000 crore
- NCDs
- ₹500 crore
- each
- ₹1,000
- rights issue
- ₹25,000 crore
- subscription
- 108%
Adani Enterprises Ltd has approved a fundraise of up to ₹1,000 crore through a public issue of non-convertible debentures (NCDs). The issue will consist of ₹500 crore NCDs with a face value of ₹1,000 each, plus an option for over-subscription of ₹500 crore. This follows the company's successful ₹25,000 crore rights issue that saw 108% subscription.
The fundraising aims to enhance financial flexibility for the Adani Group, potentially impacting market sentiment positively. 📈
Not investment advice. For informational purposes only.