Description

BSE announces listing of 8 series of secured, rated, redeemable non-convertible debentures issued by Adani Enterprises Limited with varying tenures and coupon rates.

Summary

BSE has listed 8 series of Secured, Rated, Listed, Redeemable Non-Convertible Debentures issued by Adani Enterprises Limited. The debentures were allotted on January 12, 2026, with face value of Rs. 1,000 per NCD. Total securities listed across all series amount to approximately 1 crore NCDs with varying maturities ranging from 2 years to 5 years.

Key Points

  • Issuer: Adani Enterprises Limited
  • Date of Allotment: January 12, 2026
  • Face Value: Rs. 1,000 per NCD
  • Issue Price: Rs. 1,000 per NCD
  • Nature: Secured, Rated, Listed, Redeemable NCDs
  • Credit Rating: CARE AA- (Stable) and ICRA AA- (Stable)
  • Market Lot: One NCD
  • Total Number of Securities: 1,00,00,000 NCDs (across 8 series)

Series Details

Series I (Scrip Code: 940843, ISIN: INE423A07484)

  • Frequency: Annual
  • Securities: 15,74,640 NCDs
  • Coupon: 8.60% p.a.
  • Effective Yield: 8.60% p.a.
  • Maturity: January 12, 2028
  • Redemption Amount: Rs. 1,000
  • First Interest Payment: January 12, 2027

Series II (Scrip Code: 940845, ISIN: INE423A07500)

  • Frequency: Cumulative
  • Securities: 1,99,225 NCDs
  • Coupon: NA
  • Effective Yield: 8.48% p.a.
  • Maturity: January 12, 2028
  • Redemption Amount: Rs. 1,179.40
  • First Interest Payment: NA

Series III (Scrip Code: 940847, ISIN: INE423A07492)

  • Frequency: Quarterly
  • Securities: 10,87,272 NCDs
  • Coupon: 8.60% p.a.
  • Effective Yield: 8.60% p.a.
  • Maturity: January 12, 2029
  • Redemption Amount: Rs. 1,000
  • First Interest Payment: April 12, 2026

Series IV (Scrip Code: 940849, ISIN: INE423A07534)

  • Frequency: Annual
  • Securities: 39,63,588 NCDs
  • Coupon: 8.75% p.a.
  • Effective Yield: 8.75% p.a.
  • Maturity: January 12, 2029
  • Redemption Amount: Rs. 1,000
  • First Interest Payment: January 12, 2027

Series V (Scrip Code: 940851, ISIN: INE423A07559)

  • Frequency: Cumulative
  • Securities: 2,91,160 NCDs
  • Coupon: NA
  • Effective Yield: 8.74% p.a.
  • Maturity: January 12, 2029
  • Redemption Amount: Rs. 1,286.45
  • First Interest Payment: NA

Series VI (Scrip Code: 940853, ISIN: INE423A07518)

  • Frequency: Quarterly
  • Securities: 5,09,630 NCDs
  • Coupon: 8.62% p.a.
  • Effective Yield: 8.75% p.a.
  • Maturity: January 12, 2031
  • Redemption Amount: Rs. 1,000
  • First Interest Payment: April 12, 2026

Series VII (Scrip Code: 940855, ISIN: INE423A07526)

  • Frequency: Annual
  • Securities: 20,41,505 NCDs
  • Coupon: 8.90% p.a.
  • Effective Yield: 8.90% p.a.
  • Maturity: January 12, 2031
  • Redemption Amount: Rs. 1,000
  • First Interest Payment: January 12, 2027

Series VIII (Scrip Code: 940857, ISIN: INE423A07542)

  • Frequency: Cumulative
  • Securities: 3,32,980 NCDs
  • Coupon: NA
  • Effective Yield: 8.89% p.a.
  • Maturity: January 12, 2031
  • Redemption Amount: Rs. 1,531.95
  • First Interest Payment: NA

Regulatory Changes

No regulatory changes. This is a standard listing notification for debt securities.

Compliance Requirements

  • Investors: Can trade these NCDs on BSE debt segment starting from the listing date
  • Market Participants: Should update systems with new scrip codes and ISIN numbers
  • Adani Enterprises Limited: Must comply with ongoing disclosure requirements for listed debt securities

Important Dates

  • Allotment Date: January 12, 2026
  • First Interest Payment (Series III & VI): April 12, 2026
  • First Interest Payment (Series I, IV, VII): January 12, 2027
  • Maturity (Series I & II): January 12, 2028
  • Maturity (Series III, IV & V): January 12, 2029
  • Maturity (Series VI, VII & VIII): January 12, 2031

Impact Assessment

Market Impact: Low - This is a routine listing of debt securities that expands investment options for fixed-income investors. The listing does not affect equity markets.

Investor Impact: Positive for debt investors seeking AA-rated corporate bonds with varying interest payment structures (annual, quarterly, cumulative) and tenures (2-5 years).

Trading Impact: NCDs will be available for trading on BSE debt segment with market lot of one NCD, providing liquidity to NCD holders.

Credit Quality: Strong credit ratings (CARE AA- Stable and ICRA AA- Stable) indicate high credit quality and low default risk.

Impact Justification

Routine listing of debt securities with no impact on equity trading or market operations