Adani Enterprises announces early closure of ₹1,000-cr NCD issue

Adani Enterprises Ltd on Wednesday, January 7, said its management committee has approved the early closure of its ongoing public issue of non-convertible debentures (NCDs). The issue will now close on Thursday, January 8, 2026, ahead of the originally scheduled closing date of January 19, 2026.

According to the exchange filings, the decision was taken by the management committee of the company’s board of directors through a resolution passed on January 7.

At its meeting held on December 29, 2025,

the management committee had approved the prospectus for the public issue of up to one crore NCDs, marking one of the company’s key fund-raising exercises for the financial year.

The NCD issue is being offered on a first-come, first-served basis. The base issue size is ₹500 crore, with a green-shoe option to retain oversubscription of up to an additional ₹500 crore, taking the total potential issue size to ₹1,000 crore.

The issue comprises secured, rated, listed and redeemable NCDs with a face value of ₹1,000 each. Investors can apply for a minimum of 10 NCDs, amounting to ₹10,000, and in multiples of one NCD thereafter. The debentures will be listed on both the BSE and NSE.

According to the prospectus, the proceeds from the issue will primarily be used for the repayment or prepayment of existing borrowings, including interest obligations. Up to 25% of the issue proceeds may be utilised for general corporate purposes.

Shares of Adani Enterprises Ltd ended marginally higher on Wednesday, January 7, by 0.57% at ₹2,271.90 on the NSE.

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