Adani Enterprises Launches Third Ncd Issue Worth Rs 1,000 Crore

Adani Enterprises Limited, the flagship company of the Adani Group, has launched its third public issue of secured, rated, listed redeemable non-convertible debentures (NCDs). The Rs 1,000 crore issue comprises a base size of Rs 500 crore with a green shoe option of up to Rs 500 crore.

Key Highlights

• Issue opens on January 6, 2026, and closes on January 19, 2026.
• Effective yield offered is up to 8.90% per annum across multiple series.
• NCDs are rated AA- (Stable) by ICRA and CARE Ratings.
• Allotment will be on a first-come, first-served basis.
• Proceeds will be used primarily for repayment of debt (up to 75%) and general corporate purposes (up to 25%).
• The second NCD issue in July 2025 was fully subscribed within three hours.
• Tenors range from 24 to 60 months with annual, quarterly, and cumulative interest options.
• NCDs will be listed on both BSE and NSE, creating wider access for retail investors.

Conclusion
Adani Enterprises’ latest NCD issue reflects its strategy to broaden retail participation in India’s infrastructure growth story. With competitive yields and strong credit ratings, the offering provides investors a stable avenue amid a softer interest rate cycle.

Sources: Company Filing (BSE, NSE), Adani Enterprises Media Release