<ul data-eligibleForWebStory="false"><li>Adani Enterprises plans to issue Rs 1,000 crore non-convertible debentures (NCDs) with interest rates up to 9.30%.</li><li>The NCDs are rated 'AA-' by ICRA and CARE Ratings Ltd. and will have a base size of Rs 500 crore with a greenshoe option of Rs 500 crore, totaling up to Rs 1,000 crore.</li><li>The NCDs will be offered in tenors of 24 months, 36 months, and 60 months with various interest payment options across eight series. The issue will open on Wednesday and conclude on July 22, with the NCDs being listed on National Stock Exchange Ltd. and BSE Ltd.</li><li>Adani Enterprises plans to use half of the proceeds from the NCD issuance for debt repayment and the other half for general corporate needs. The allotment will be on a first-come-first basis, and lead managers include Nuvama Wealth Management Ltd., Trust Investment Advisors Pvt. Ltd., and Tipsons Consultancy Services Pvt. Ltd.</li></ul>

Adani Enterprises To Issue Rs 1,000 Crore NCDs With Interest Up To 9.30%

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