Adani Enterprises approves Rs 800 crore NCD public issue, first since Hindenburg allegations.

Adani Enterprises approves up to Rs 800 crore NCD public issue with face value of Rs 1,000 each. Issue opens on September 4, 2024, and closes on September 17, 2024. The company has the option to retain over-subscription of up to Rs 400 crore. NCDs are secured, rated, listed, and redeemable, and will be listed on BSE and NSE. Interest rates range from 9.25% to 9.90% per annum for short, medium, and long-term NCDs. The issue is the first since allegations by Hindenburg Research last year.

August 28, 2024
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