India’s Adani Enterprises plans public bond sale
Published Mon, Jun 30, 2025 · 12:12 PM
Indian billionaire Gautam Adani’s flagship company aims to raise 10 billion rupees (S$149.1 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges.
This will be the second time within a year that Adani Enterprises will tap the retail bond market. In September 2024, the company raised 8 billion rupees through a public issue, which was its first such debt sale.
The proposed issue includes a greenshoe option of 5 billion rupees.
Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services will be the lead managers for the bond sale.
The tenor, coupon and the launch date have not yet been decided for the bonds that are rated AA- by Icra and Care Ratings. REUTERS
Share with us your feedback on BT's products and services
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
More Culture
Don’t Pull Out of Germany
Merz’s stupidity is no excuse for a stupid response. Source link
Step inside the gorgeous, futuristic offices of Vast, the startup designing the next-gen space station
A tall baobab tree greets people inside the Long Beach, California, headquarters of Vast, an aerospace company that is building the space station of the future. It’s planted beneath a…
5 ways high-performing teams stay calm when everything’s on fire
When markets swing, plans break, inboxes explode, and everyone starts saying the situation is “unprecedented” again, most teams do what humans have always done under pressure: they grip…
Confused Trump Openly Admits Plot to Rig Midterms as Polls Turn Brutal
Last week, the Supreme Court gutted protections against racial gerrymandering, and Donald Trump is already urging Republicans to seize on it. Trump unleashed a Truth Social rant on Monday…