Tag: AdaniEnterprises

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NCLT clears Adani Enterprises plan to acquire Jaiprakash Associates

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Adani Enterprises to acquire the financially troubled Jaiprakash Associates. The approval is a key step in resolving the company’s insolvency case under India’s bankruptcy law.

The tribunal’s Allahabad bench gave the approval on March 17, 2026, clearing the way for the Adani Group to take control of the Jaypee Group’s flagship company. Adani Enterprises had offered a resolution plan worth about ₹14,535 crore to take over the company and repay part of its debt.

Jaiprakash Associates entered the corporate insolvency process in June 2024 after it failed to repay loans of more than ₹57,000 crore. Banks and other lenders had been trying to recover their dues through the insolvency process.

Adani Enterprises emerged as the winning bidder after several companies showed interest in buying the stressed firm. The company’s proposal was approved by the lenders’ Committee of Creditors (CoC) in November 2025 with around 89% of the votes, which is well above the required approval level under the Insolvency and Bankruptcy Code.

With the tribunal’s approval, Adani Enterprises can now move ahead with implementing the resolution plan. The company may complete the acquisition directly or through its subsidiaries or special purpose vehicles.

The takeover will give the Adani Group access to several important assets owned by Jaiprakash Associates. These include real estate projects, cement operations, hotels, and infrastructure assets, mainly located in North India. The company also owns large township projects such as Jaypee Greens in Greater Noida and the Jaypee International Sports City near the upcoming Jewar airport.

However, existing shareholders of Jaiprakash Associates are unlikely to receive any payout under the resolution plan. Because the company’s debts are very high, most of the recovery will go to lenders, and current shares may be cancelled during the restructuring process.

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Adani Enterprises’ ₹1,000 cr bond fully subscribed in 45 minutes

Adani Enterprises Limited (AEL), the main company of the Adani Group, has raised ₹1,000 crore through a public issue of non‑convertible debentures (NCDs). The bonds were fully subscribed within 45 minutes of the issue opening on January 6, 2026.

The company initially offered a base size of ₹500 crore but had an option to increase it by another ₹500 crore if demand was high. Investors snapped up the base portion in just 10 minutes, showing strong confidence in the company.

The NCDs, which will be listed on BSE and NSE, offer an annual yield of up to 8.90%. Investors could choose from 24‑, 36‑, or 60‑month tenors, with interest paid quarterly, annually, or cumulatively. The bonds have been rated ‘AA‑’ by ICRA and CARE Ratings, indicating good credit quality.

At least 75% of the funds from this issue will be used to repay existing debt, and the remaining amount will support general corporate purposes. The issue was managed by Nuvama Wealth Management, Trust Investment Advisors, and Tipsons Consultancy Services.

This is not the first time AEL’s bonds have seen strong demand. A previous NCD issue of ₹1,000 crore in July 2025 was also fully subscribed on the first day, though it took three hours.

The rapid subscription reflects investors’ confidence in Adani Enterprises’ growth plans. The company is currently involved in major infrastructure projects, including the Navi Mumbai International Airport and other large-scale initiatives.

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Adani Enterprises buys 49% stake in road firm

Adani Enterprises Ltd, the flagship of the Gautam Adani‑led conglomerate, was in the market spotlight on January 5 after announcing a strategic acquisition move via one of its subsidiaries. Shares of the diversified infrastructure and incubation company closed 1.01 percent higher at ₹2,280.50, with a market capitalisation of around ₹2.63 lakh crore, as investors reacted to the latest development.

In a regulatory filing, Adani Enterprises said its wholly owned unit, Adani Road Transport Limited (ARTL), has signed definitive agreements to acquire a 49 percent stake in Sree Vishwa Varadhi Private Limited (SVVPL). The transaction is structured as a subscription to newly issued securities of SVVPL. In addition to the initial stake acquisition, ARTL has secured an option to purchase additional shares from the existing shareholder, subject to receipt of regulatory approvals.

Under the terms of the deal, ARTL will gain rights including the ability to appoint two nominee directors to SVVPL’s board, enhancing its operational oversight in the acquired business. SVVPL and its affiliate VSEPL are not connected to the promoters or promoter group of Adani Enterprises, indicating this transaction involves third‑party infrastructure assets rather than internal group realignment.

The acquisition underscores Adani Enterprises’ ongoing strategy to expand and diversify its presence across key infrastructure sectors, particularly in transport and logistics, a core focus area for the group. The road assets segment has been a significant contributor to Adani’s infrastructure ecosystem, complementing other verticals such as airports, data centres, green energy, and utilities. This move aligns with broader industry trends where conglomerates seek to scale asset ownership via strategic partnerships and capital investments.

Market participants noted that while the stock rise was moderate on the acquisition news, the underlying transaction could support future revenue streams and strengthen the company’s asset base. Adani Enterprises has recently also been active in raising funds through bond markets and refining its portfolio mix to balance growth with financial resilience.

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Adani Enterprises opens Rs 1,000 cr NCD issue

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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Adani Enterprises’ ₹25,000 cr rights issue exceeds expectations

Adani Enterprises Limited (AEL) has successfully completed its ₹25,000 crore rights issue, which closed on December 10, 2025, achieving 108 percent overall subscription. The oversubscription underscores strong investor confidence in the company’s strategic initiatives and financial positioning.

Under the rights issue, eligible shareholders were offered new equity at ₹1,800 per share, with an entitlement of three new shares for every 25 shares held. Payment for the subscription was structured in three tranches, with the initial installment collected at the time of application and subsequent payments scheduled in January and March 2026.

The public portion of the issue was oversubscribed by approximately 130 percent, reflecting robust participation from retail and institutional investors. The promoter group, holding approximately 74 percent stake, fully subscribed to its entitlement, demonstrating strong internal support for the capital raise.

Proceeds from the rights issue are earmarked for debt reduction, repayment of shareholder loans, and capital expenditure across key business segments, including energy, infrastructure, airports, data centers, green hydrogen initiatives, and metals manufacturing. The capital infusion will enhance financial flexibility, reduce leverage, and support the company’s long-term growth strategy.

Adani Enterprises’ share price recorded a marginal decline on the closing day of the rights issue, reflecting market adjustments following the capital raise.

This successful rights issue represents one of the largest capital-raising exercises in the Indian market in 2025 and reaffirms investor confidence in Adani Enterprises’ diversified business model. The company remains committed to leveraging the strengthened balance sheet to execute its strategic priorities, drive sustainable growth, and enhance shareholder value.

Adani Enterprises continues to focus on delivering long-term value to all stakeholders while advancing projects that contribute to India’s infrastructure and energy landscape.

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Adani sells 13% AWL stake to Wilmar for ₹4,646 crore

Adani Enterprises has sold a 13% stake in AWL Agri Business Ltd to Lence Pte Ltd, a fully owned subsidiary of Singapore-based Wilmar International, for ₹4,646 crore. The transaction was completed through an off-market deal at around ₹275 per share.

Before this sale, Adani’s subsidiary, Adani Commodities LLP, held a 20% stake in AWL Agri Business. After selling 13%, the Adani Group’s stake drops to about 7%, while Wilmar’s shareholding rises to nearly 57%, giving it stronger control over the company.

The deal also results in the termination of the long-standing shareholders’ agreement between Adani and Wilmar, which had been in place since 1999. The Competition Commission of India had already approved the stake transfer.

This decision is part of Adani’s broader strategy to fully exit the consumer goods and food products business and refocus on its core areas such as infrastructure, energy, and logistics. In recent months, Adani had outlined plans to divest up to 20% of its holding in AWL Agri Business to Wilmar at the same valuation.

AWL Agri Business which was formerly known as Adani Wilmar, is known for selling everyday food essentials including edible oils, rice, flour, pulses and sugar under well-known brands. With this transaction, Wilmar International becomes the clear majority owner and will now take the lead in driving the company’s future strategy.

Also Read: Adani Enterprises wins Golden Peacock ESG Award

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Adani Enterprises wins Golden Peacock ESG Award

Adani Enterprises Limited (AEL) has added an important milestone to its journey by winning the Golden Peacock Award for Excellence in ESG for 2025,  a recognition that reflects not just corporate achievement, but a shift towards more responsible and mindful growth.

The award was presented at the Annual London Global Convention of the Institute of Directors, where organisations from across the world shared their sustainability journeys. Among more than 400 applicants, AEL stood out as the only winner in the Diversified Sector, marking a proud moment in its first year of participation.

When Andhra Pradesh Chief Minister N. Chandrababu Naidu handed over the award, AEL’s Chief Sustainability Officer Vivek Panda received it with a sense of both pride and responsibility. For a company that has grown rapidly across infrastructure, airports, energy and new-age industries, the recognition reinforces that expansion and ethics can go hand in hand.

Company leaders have often described sustainability as a “belief system” rather than a checklist, a philosophy evident in their latest ESG Factbook. Here, AEL outlines clear targets: using 100% green electricity at the Mumbai International Airport, bringing down energy consumption intensity by 30% by 2030, and continuously reducing its carbon footprint through innovative, cleaner technologies.

AEL has also been focusing on how its work touches people, from community programmes around education and health, to inclusive employment practices and safer workplaces. Its teams have invested in cutting emissions, conserving water, managing waste responsibly and finding ways to grow without leaving behind environmental damage.

Over the years, these efforts have caught the attention of global sustainability rating agencies, investors and industry leaders who increasingly see ESG not as a trend, but as the foundation of long-lasting business.

For Adani Enterprises, the Golden Peacock Award is a reminder that growth carries a deeper meaning when it uplifts people and preserves the planet. The company says it remains committed to strengthening this approach as it expands into new sectors, guided by the belief that progress is most powerful when it is responsible, transparent and inclusive.

Also Read: Adani’s new ad film turns airports into caring companions

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Adani Enterprises raises ₹25,000 crore via rights issue

Adani Enterprises (AEL) has announced a ₹25,000 crore rights issue, opening on 17 November 2025 for existing shareholders. The issue is priced at ₹1,800 per share, at a significant discount to the market price.

The capital raised will be used to convert shareholder loans into equity and fund growth across airports, roads, petrochemicals, metals, and new-energy ventures. In FY26, the company expects total capital expenditure to reach around ₹36,000 crore, with major allocations for airports (₹10,500 crore), roads (₹6,000 crore), new-energy businesses (₹5,500 crore), petrochemicals and materials (₹9,000 crore), and metals & mining (₹3,500 crore).

Adani Airports plans to start commercial operations of Phase‑1 of Navi Mumbai Airport this quarter and a new terminal in Guwahati later in the year. Additionally, the company is developing city-side infrastructure near Mumbai/Navi Mumbai airports, targeting revenue from FY30.

This is AEL’s largest equity raise to date, signaling renewed shareholder confidence after a previously withdrawn ₹20,000 crore follow-on public offer in 2023. The move is part of a broader strategy to strengthen the balance sheet and support the next phase of the company’s ambitious growth plans.

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