Adani Enterprises Offers Up to 9.30% Returns with New ₹1,000 Cr Bond Issue

Adani Enterprises Limited (AEL), the leading firm of the Adani Group, has announced the launch of its second public offering of secured, rated, listed, and redeemable non-convertible debentures (NCDs). This issue offers investors an attractive return of up to 9.30% per annum. The previous NCD issue of ₹800 crore, released in September 2024, was fully subscribed on the first day.

Supporting Retail Investors and Long-Term Growth

According to Jugeshinder "Robbie" Singh, Group CFO of Adani Group, the latest NCD offering is aimed at increasing retail investor participation in India’s infrastructure development. He noted that the earlier NCD issue saw significant investor gains following a credit rating upgrade, showing confidence in the Group’s financial stability.

AEL plays a vital role in developing key infrastructure sectors in India. It has helped build platforms like Adani Ports & SEZ, Adani Power, and Adani Green Energy. The company is now expanding into airports, roads, data centres, and green hydrogen, all of which are expected to contribute to India’s vision of becoming a $5 trillion economy.

A Unique Investment Opportunity for Individuals

Unlike many large companies, AEL is among the few (outside NBFCs) offering listed debt products directly to retail investors. This gives everyday investors a chance to be part of India’s infrastructure boom. With the Reserve Bank of India beginning a softer interest rate phase, this fixed-income option comes at a timely moment.

The NCDs offer better returns compared to similar-rated bonds or fixed deposits, making them a good option for those seeking stable earnings.

Issue Details and Use of Funds

The issue size is ₹500 crore with a green shoe option of another ₹500 crore, totalling ₹1,000 crore. It opens on 9 July 2025 and closes on 22 July 2025, unless closed earlier or extended. Each NCD is priced at Rs 1,000, with a minimum investment of Rs 10,000.

About 75% of the raised funds will be used to repay existing debt, while the rest will be used for general business needs. The NCDs are rated “AA- Stable” by CARE and ICRA and offer terms of 24, 36, or 60 months with different interest payment options.