October 9, 2025

Big news from Mumbai! On Tuesday, Adani Enterprises managed to raise a whopping ₹1,000 crore by selling Non-Convertible Debentures (NCDs). Guess who took the biggest slice? ICICI Prudential Mutual Fund jumped in with an anchor allocation of ₹300 crore. These NCDs come with a fixed interest rate of 8.7% — pretty attractive, isn’t it? So, what’s the plan for all this money? The company will use the funds mainly to repay old debts, support its family of companies through inter-company loans, and take care of everyday business expenses. Worth noting, Icra has given these bonds a strong 'AA-; Stable' rating, which means they think the risk is quite low. These debentures will last about two to three years and will pay fixed coupon payments, making them reliable for investors seeking steady returns. Interestingly, the base issue size was fixed at ₹1,000 crore — no extra green-shoe option was involved. Looking ahead to FY26, Adani Enterprises has more than ₹5,000 crore of debt repayments lined up, including a hefty ₹3,300 crore bullet repayment in the first half of the year. But don’t worry; Icra says the company is "adequately placed to meet these obligations through a mix of operational cash flows and timely refinancing." So, Adani seems ready to tackle its upcoming financial hurdles without sweating too much. In short, this ₹1,000 crore bond issue is a spicy move by Adani Enterprises to keep their financial engines running smoothly and investors happy. With strong backing and good ratings, this deal surely gave the market a jolt of excitement!

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Tags: Adani enterprises, Non-convertible debentures, Icici prudential mutual fund, Debt repayment, Icra rating, Bond issue,