Mumbai: Adani Enterprises Tuesday raised 1,000 crore through non-convertible debentures (NCD) with ICICI Prudential Mutual Fund taking an anchor allotment of 300 crore. The NCDs use interest of 8.7%. Funds raised from the bond concern will be utilized to pay back existing financial obligations, assistance subsidiaries through inter-company loans, and cover basic business expenditures.
The debentures have actually been ranked ‘AA-; Stable’ by Icra. The NCDs have tenors of around 2 to 3 years, bring repaired discount coupon payments. The base problem size was 1,000 crore without any green-shoe choice.
Adani Enterprises’ financial obligation payments in excess of 5,000 crore are set up in FY26, consisting of bullet payments of around 3,300 crore in the very first half. The business is sufficiently put to satisfy these commitments through a mix of functional capital and prompt refinancing, stated Icra.
