According to Reuters, the Adani Group’s flagship company plans to raise Rs 1000 crore through the issue, with an additional Rs 500 crore greenshoe option that could be exercised if demand is strong. The bonds will be issued with two-year, three-year and five-year maturities, with 35% of the issue earmarked for retail investors.
The company will pay annual coupons of 8.6% on two-year notes, 8.75% on three-year notes and 8.9% on five-year notes. Investors will also have the option of quarterly interest payouts or a cumulative structure. The issue has been rated AA- by CARE Ratings and ICRA and is scheduled to open on January 6 and close on January 19, one of the bankers told Reuters.
Third public bond sale
The proposed fundraising will be Adani Enterprises’ third public bond offering. The company last raised Rs 1000 crore through a public bond issue in July 2025 across two-year, three-year and five-year tenors, following its first public debt issue in September 2024.
Nuvama Wealth Management, Trust Investment Advisors and Tipsons Consultancy Services are acting as arrangers for the issue, the bankers told Reuters.
Issue structure and timelines
The offering comprises secured redeemable non-convertible debentures. The issue opens on Tuesday, January 6, 2026, and is scheduled to close on Monday, January 19, 2026, though it is likely to close before January 10, 2026, with allotment on a first-come, first-serve basis.Under the quarterly interest payout option, the 36-month bonds offer a coupon of 8.48% and the 60-month bonds offer 8.62%. Under the annual interest payout option, the 24-month bonds carry a coupon of 8.60%, the 36-month bonds offer 8.75%, and the 60-month bonds offer 8.90%. The issue is rated CARE AA- (Stable) and ICRA AA- (Stable).
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