Home Business Adani Enterprises raised Rs 1,250 crore through NCDs

Adani Enterprises raised Rs 1,250 crore through NCDs

by Trend News
2 minutes read
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Adani Group’s company ‘Adani Enterprises’ has raised Rs 1,250 crore by issuing bonds. The company gave this information in an exchange filing on Tuesday.

Adani Group said in an exchange filing on Tuesday, ‘The company has issued 1,25,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures of face value of Rs 1 lakh on private placement basis. This amount has been raised from the allotment of Non-Convertible Debentures).

Adani Enterprises had earlier also informed the exchanges that the company plans to raise Rs 12,500 crore through Qualified Institutional Placement (QIPs).

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Group companies Adani Transmission Limited and Adani Green Energy Limited have also planned QIPs of Rs 8,500 crore and Rs 12,300 crore respectively.

Shares of Adani Enterprises closed at Rs 2,418, up 0.3% on Tuesday.

Raised record capital in 4 years

Adani Group recently issued a statement saying that the group has raised $1.38 billion (Rs 11,330 crore) through stake sale in its three portfolio companies, Adani Enterprises, Adani Green Energy and Adani Transmission. With this, in the last 4 years, Adani Group raised more than $ 9 billion i.e. Rs 74,325 crore by attracting investors from various sectors and set a kind of record.

The group has also attracted investors in listed companies Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission, Adani Total Gas and Adani Enterprises.

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