Adani Enterprises raises Rs1,250 crore via NCDs

Adani Enterprises raises Rs1,250 crore via NCDs
Adani Enterprises raises Rs1,250 crore via NCDs

by Tanushree Jaiswal Last Updated: Jul 12, 2023 - 06:35 pm 328 Views

Adani Enterprises Ltd (AEL), a prominent conglomerate owned by billionaire Gautam Adani, announced that it has successfully raised ₹1,250 crore through the issuance of non-convertible debentures (NCDs). The funds were obtained through a private placement basis.

In an official filing with the stock exchange, Adani Enterprises stated, "We would like to inform you that the company has raised ₹1,250 crores today, July 11, 2023, by allotment of 125,000 secured, unrated, unlisted, redeemable, non-convertible debentures with a face value of INR 1,00,000/- each on a private placement basis."

This development comes after Adani Enterprises decided not to proceed with its planned INR 20,000-crore Follow-on Public Offer (FPO) earlier this year due to allegations made by Hindenburg Research. The allegations included claims of fraudulent transactions and share price manipulation within the Gautam Adani-led group. Given these circumstances, the company chose to raise funds through a private placement of NCDs instead.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Plaza Wires IPO Anchor Allocation at 28.06%

About the Plaza Wires IPO Plaza Wir

  • Sep 29, 2023
Master Components IPO Opens Flat, Closes Flat

Flat listing for Master Components IPO, closes flat too

  • Sep 29, 2023
Emami Acquires 26% Stake in Axiom Ayurveda, Enters Health Juice Segment

On 29-sep-2023, Emami Ltd., a prominent Indian FMCG company, made an exciting foray into the health juice category by acquiring a 26% stake in Axiom Ayurveda Pvt Ltd, the firm behind the popular AloFrut brand of beverages.

  • Sep 29, 2023