Adani raises Rs 1,250cr through first bond sale since Hindenburg report
NEW DELHI: Billionaire Gautam Adani’s flagship firm has raised Rs 1,250 crore through a local-currency bond sale, the first since US short seller’s scathing report that sparked a rout in the group’s securities.
In a stock exchange filing, Adani Enterprises Ltd said it has raised Rs 1,250 crore “by allotment of 1,25,000 secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) of the face value of Rs 1 lakh each on private placement basis”.
While the firm did not disclose the interest rate, data from the National Securities Depository Ltd showed the three-year bond carried an annual coupon of 10 per cent.
