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The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due and payable in respect of the NCDs, thereof shall be secured by way of a first ranking pari passu charge on the loans and advances (which are classified as non- current assets) outstanding in the books of the Company, both present and future such that a security cover of at least 110% of the outstanding principal amounts of the NCDs and interest thereon is maintained at all time until the Redemption Date. The NCDs shall be considered as secured only if the charged asset is registered with sub-registrar and RoC or CERSAI or Depository etc., as applicable, or is independently verifiable by the Debenture Trustee. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to- time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders or such other rate, as specified by the Board to the NCD holders, over and above the interest rate on the NCDs specified in this Prospectus, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
09-Jul-2025-11-Jul-2025 |
| Security Name |
ADANI ENTERPRISES LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
500 |
| Over subscription |
AN OPTION TO RETAIN OVER- SUBSCRIPTION UP TO RS. 500 CRORE ("GREEN SHOE OPTION") AGGREGATING UP TO RS. 1000 CRORE. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
Care AA-; Stable by CARE and [ICRA]AA- (Stable) by ICRA. |
| Tenor |
24 Months,36 months,60 months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8 |
| Payment Frequency |
Yearly,At the End,Quarterly |
| Objects of the Issue: |
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PUBLIC ISSUE BY OUR COMPANY OF UP TO 10000000 SECURED, RATED, LISTED, REDEEMABLE, NON – CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH ("NCDs" OR "DEBENTURES"), AMOUNTING TO RS. 500 CRORE ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVER- SUBSCRIPTION UP TO RS. 500 CRORE ("GREEN SHOE OPTION") AGGREGATING UP TO RS. 1000 CRORE. |
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| Company Promoters |
| Gautam S. Adani |
| Rajesh S. Adani |
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| Lead Managers |
| 1. Nuvama Wealth Management Limited |
| 2. Trust Investment Advisors Private Limited |
| 3. Tipsons Consultancy Services Private Limited |
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| Registrar to the Issue |
| 1. MUFG INTIME INDIA PRIVATE LIMITED |
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