Description

BSE announces listing of eight series of secured, rated, redeemable non-convertible debentures issued by Adani Enterprises Limited with varying tenures and coupon rates.

Summary

BSE has listed eight series of secured, rated, redeemable non-convertible debentures (NCDs) issued by Adani Enterprises Limited. The debentures were allotted on January 12, 2026, with a total of 1,00,00,000 NCDs across all series, face value of Rs. 1,000 per NCD. The NCDs carry coupon rates ranging from 8.60% to 8.90% per annum with varying maturities between 2-5 years.

Key Points

  • Total of 8 series of NCDs listed with aggregate value of Rs. 1,000 crores
  • All NCDs have face value and issue price of Rs. 1,000 per NCD
  • Series I, II, III: 2-year tenure (maturing Jan 12, 2028) with 8.60% coupon
  • Series IV, V, VI: 3-year tenure (maturing Jan 12, 2029) with 8.75% coupon
  • Series VII, VIII: 5-year tenure (maturing Jan 12, 2031) with 8.90% coupon
  • Interest payment frequencies vary: Annual, Quarterly, and Cumulative options available
  • Credit rating: CARE AA- (Stable) and ICRA AA- (Stable) for all series
  • Market lot: One NCD
  • No put/call options available on any series

Regulatory Changes

No regulatory changes announced. This is a standard debt security listing notification.

Compliance Requirements

No specific compliance requirements for market participants. The listing follows standard BSE debt market segment procedures.

Important Dates

  • Date of Allotment: January 12, 2026
  • First Interest Payment:
    • Series I, IV, VII (Annual): January 12, 2027
    • Series III, VI (Quarterly): April 12, 2026
    • Series II, V, VIII (Cumulative): At maturity
  • Redemption/Maturity Dates:
    • Series I, II, III: January 12, 2028
    • Series IV, V, VI: January 12, 2029
    • Series VII, VIII: January 12, 2031

Impact Assessment

This is a routine debt market listing with minimal impact on broader market operations or equity investors. The NCDs are institutional instruments targeting fixed-income investors seeking rated corporate debt exposure. The listing provides additional debt market depth and offers investors various tenure and interest payment options ranging from 2 to 5 years. The AA- credit rating indicates moderate-to-good credit quality with adequate capacity for debt servicing.

Impact Justification

Routine debt listing for institutional investors with no impact on equity trading or broader market operations