Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has announced the launch of its third public issue of secured non-convertible debentures (NCDs), aiming to raise up to Rs 1,000 crore from the debt market. The issue offers investors returns of up to 8.90 per cent per annum, making it an attractive option for those seeking steady income through fixed-return instruments.
The NCD issue will open for subscription on January 6, 2026, and close on January 19, 2026, though the company may close it earlier depending on demand. The base issue size is Rs 500 crore, with a green shoe option of another Rs 500 crore, taking the total size to Rs 1,000 crore.
Each debenture has a face value of Rs 1,000, and retail investors can apply for a minimum of 10 NCDs, or Rs 10,000. The issue includes multiple series with tenures of 24, 36 and 60 months, allowing investors to choose between quarterly, annual or cumulative interest payout options, depending on their financial goals.
The NCDs are secured in nature and have been rated ‘AA-’ with a stable outlook by CARE Ratings and ICRA, indicating a strong capacity to meet financial commitments. Once allotted, the debentures will be listed on both the BSE and NSE, offering liquidity to investors.
According to the company, a large portion of the funds raised—at least 75 per cent—will be used to repay or prepay existing borrowings, helping strengthen the balance sheet. The remaining amount will be deployed for general corporate purposes.
Adani Enterprises’ earlier NCD offerings have seen robust interest. Its previous issue, launched in mid-2025, was reportedly fully subscribed within hours, highlighting growing investor confidence in the company’s debt instruments.
The current issue is being managed by Nuvama Wealth Management, Trust Investment Advisors, and Tipsons Consultancy Services, among others.
For investors looking for predictable returns backed by a well-rated corporate issuer, the latest Adani Enterprises NCD issue offers a structured and flexible investment opportunity.
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