Adani Enterprises Ltd. has announced the issuance of non-convertible debentures (NCDs) worth up to ₹1,000 crore to retail investors. The base issue size is ₹500 crore, with a greenshoe option of an additional ₹500 crore, bringing the total cap to ₹1,000 crore . This marks the company’s second retail bond offering within a year, following its ₹800 crore issue in September 2024.

The issue opens for subscription on July 9, 2025, and will close on July 22, 2025 . The NCDs are secured, listed on both BSE and NSE, and rated AA‑ (stable) by both CARE and ICRA.

Investors can choose from three tenors—24, 36, and 60 months—with annual coupon rates ranging from 8.95% to 9.30%, depending on the duration and payout frequency (annual, quarterly, cumulative) . Specifically, the highest yield of 9.30% per annum is available on the 60-month annual option.

A minimum investment of ₹10,000 (10 NCDs) applies . A minimum of 75% of the proceeds will be allocated to repay existing debt, with the remainder used for general corporate purposes . The issue is being managed by Nuvama Wealth Management, Trust Investment Advisors, and Tip Sons Consultancy Services.

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