Adani Enterprises to Raise ₹1,000 Crore Through Retail Bonds.
Adani Enterprises Ltd is set to raise ₹1,000 crore via a retail bond issue, marking its second foray into the retail debt market. The company has filed a draft prospectus with the stock exchanges and is awaiting regulatory approval. The proposed bond issue includes a base size of ₹500 crore with a green-shoe option to retain an additional ₹500 crore, bringing the total potential issue size to ₹1,000 crore.
This follows Adani Enterprises’ debut retail bond offering in September 2024, which raised ₹800 crore and received an enthusiastic response from investors. The bonds have received a “AA–” credit rating with a stable outlook from ICRA and Care Ratings. The coupon rate, tenure, and launch date are yet to be announced. Nuvama Wealth Management, Trust Investment Advisors, and Tip Sons Consultancy Services will serve as the lead managers for the issue.
The move highlights the Adani Group’s continued efforts to diversify its funding sources and tap into India’s growing retail investor base.
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