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flag Adani Enterprises raises $112.6M in its first private bond sale in two years, despite ongoing SEBI investigations.

flag Adani Enterprises is raising up to ₹10 billion ($112.6 million) through a private bond placement, its first such debt offering in over two years, with a 8.70% semi-annual coupon and AA- rating from ICRA. flag The move follows recent bond sales in July and October 2023. flag SEBI has dismissed some allegations from 2023 U.S. short-seller Hindenburg Research but continues investigating over a dozen related claims involving the group’s offshore entities. flag The company denies wrongdoing, and its shares have recovered from a $150-billion drop after the initial accusations.

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