Adani Enterprises raises Rs 1250 crore through NCDs

Adani Enterprises, the flagship company of Adani Group, announced that it has raised Rs 1250 crore through the allotment of non-convertible debentures (NCDs). “We would like to inform that the Company has raised Rs 1250 crore today i.e. 11th July, 2023 by allotment of 125,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 1,00,000 each on private placement basis,” it said in a regulatory filing.

Earlier this week, the company had informed that it has raised $1.38 billion (Rs 11,330 crore) through stake sale in three group companies.