
Adani Enterprises Limited (AEL) has announced its third public issuance of secured, rated, non-convertible debentures (NCDs) worth Rs 1,000 crore. The issue, opening January 6 and closing January 19, offers an annual yield of up to 8.90%. The base issue size is Rs 500 crore, with an option to retain an additional Rs 500 crore. AEL states this issuance aims to broaden capital market access for retail investors and fund infrastructure growth, with proceeds primarily for debt repayment and general corporate purposes.
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