The board of Adani Enterprises Ltd. approved to raise up to Rs 1,000 crore through the issuance of one crore non-convertible debentures at a face value of Rs 1,000 each, according to an exchange filing on Tuesday.
The base size of the proposed NCD issue is Rs 500 crore, and the company retains an oversubscription option of up to Rs 500 crore taking the aggregate amount to Rs 1,000 crore. The issue is set to open on July 9 and will close on July 22.
The secured and redeemable NCDs will be listed on both BSE Ltd. and National Stock Exchange of India Ltd, the filing added.
Adani Enterprises is the flagship entity of Adani Group. The conglomerate's consolidated revenue grew by 7%, Ebitda by 8.2%, and the net debt-to-Ebitda ratio remained healthy at 2.6 times during the financial year ending March 2025, as per the details shared in the annual general meeting on June 24.
Shares of Adani Enterprise on Tuesday closed 0.09% higher at Rs 2,621.80 apiece on the National Stock Exchange, compared to a 0.1% rise in the benchmark Nifty.
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