Adani raises Rs 1,000 cr, bond issue sold out in 45 mins

Adani Enterprises Limited launched a Rs 1,000 crore non-convertible debenture issue, fully subscribed within 45 minutes of opening. The base Rs 500 crore was snapped in 10 minutes, with the greenshoe option taking total demand past Rs 1,000 crore. The issue offers up to 8.90% yield and will be listed on BSE and NSE.

Adani Enterprises Limited's (AEL) Rs 1,000 crore public issue ofnon-convertible debentures (NCDs) was lapped up within 45 minutes ofopening, according to stock exchange data. The base issue of Rs 500 crore was snapped in just 10 minutes andsubscription crossed Rs 1,000 crore - after including the greenshoe option- in under an hour.

The issue, which opened on Tuesday, closes on January 19, 2026, withallotment on a first-come, first-served basis. It offers an effective yieldof up to 8.90 per cent per annum, according to the company.

The base size is Rs 500 crore, with a green shoe option of an additional Rs500 crore. NCDs are proposed to be listed on BSE and NSE and will be allotted on afirst-come, first-served basis.

Rated 'AA-' with a stable outlook by ICRA and CARE Ratings, the NCDs offercompetitive yields compared to similarly rated debt and fixed deposits,giving retail investors an opportunity to participate in India'sinfrastructure growth.

AEL's second NCD issuance of Rs 1,000 crore in July 2025 was fullysubscribed in just three hours on the first day, reflecting strong investorconfidence. Proceeds from at least 75 per cent of the issue will be used torepay existing debt, while the balance may be deployed for generalcorporate purposes, the statement said.

The NCDs are available in 24, 36 and 60 month tenors, with quarterly,annual, and cumulative interest payment options across eight series. AEL continues to expand its infrastructure footprint, including Navi MumbaiInternational Airport, the Google-Adani AI data centre campus inVisakhapatnam, and multiple road projects across India.

Lead managers for the issue are Nuvama Wealth Management, Trust InvestmentAdvisors and Tipsons Consultancy Services. Over the past six months, AEL has showcased its ability to executelarge-scale projects on time.

The Navi Mumbai International Airport was inaugurated on October 8, 2025and became operational on December 25, 2025. In October, Google and AdaniConnex announced a partnership to developIndia's largest AI data centre campus along with new green energyinfrastructure in Visakhapatnam, Andhra Pradesh.

The Nanasa-Pidgaon HAM road project was operationalised in September 2025,marking AEL's seventh active road project. Additionally, AEL received letters of award for three new projects,including a ropeway connecting Sonprayag and Kedarnath in Uttarakhand, andtwo Bihar road projects - Munger (Safiabad) to Sultanganj Road, andSultanganj Road to Sabour Road - under the hybrid annuity model.