Adani Enterprises to Close ₹10,000-Million NCD Issue Early

Adani Enterprises Ltd said its board management committee has approved the early closure of its public issue of secured, rated and listed non-convertible debentures.

The issue, which opened on January 06 and was scheduled to close on January 19, will now close on January 08, following strong demand. The company said the decision was taken in compliance with SEBI regulations.

The issue comprises up to 10 million debentures of face value ₹1,000 each, aggregating up to ₹5,000 million, with an option to retain oversubscription of up to another ₹5,000 million, taking the total issue size to ₹10,000 million.

Adani Enterprises said it will publish a newspaper advertisement on the early closure in the same publications where the pre-issue advertisement appeared.