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Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has announced the launch of its third public issuance of secured, rated, listed redeemable, non-convertible debentures (NCDs). The issue aims to raise ₹1,000 crore, comprising a base issue of ₹500 crore and a green shoe option of up to ₹500 crore.

The NCDs will be open for subscription from Tuesday, January 6, 2026, to Monday, January 19, 2026. The effective yield offered is up to 8.90% per annum for NCD holders in all categories. The NCDs have been rated ‘AA-‘ with a ‘Stable’ Outlook by both ICRA Limited and CARE Ratings Limited, indicating a high degree of safety regarding timely servicing of financial obligations.

Jugeshinder ‘Robbie’ Singh, Group CFO, Adani Group, stated that this issuance marks another step in broadening access to capital markets and giving retail investors a stake in long-term infrastructure growth. AEL is highlighted as the only private corporate (outside of NBFCs) offering a listed debt product for retail investors.

At least 75% of the proceeds from the issuance will be utilized towards the repayment or payment of existing indebtedness, with the remaining balance (up to 25%) for general corporate purposes. The NCDs are available in tenors of 24, 36, and 60 months with various interest payment options and will be listed on BSE and NSE. The minimum application size is ₹10,000 (10 NCDs).