Adani Enterprises' Rs 1,000 Crore NCD Issue Fully Subscribed Within 45 Minutes
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Adani Enterprises' Rs 1,000 Crore NCD Issue Fully Subscribed Within 45 Minutes

Adani Enterprises' Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within 45 minutes of opening on January 6. The base issue of Rs 500 crore was subscribed in just 10 minutes, with the total demand, including a Rs 500 crore greenshoe option, exceeding Rs 1,000 crore. The NCDs, rated 'AA-' with a stable outlook, offer yields up to 8.90% and will be listed on BSE and NSE. Proceeds will primarily be used for debt repayment.

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