Adani Enterprises to Raise ₹10 Billion via 2–5 Year Public Bond Sale Next Week

Adani Enterprises, the flagship company of billionaire Gautam Adani’s conglomerate, is set to raise up to ₹10 billion through a retail bond offering opening for public subscription from July 9 to July 22, 2025. This move marks the company’s second public bond sale in less than a year, with attractive coupon rates for retail investors.

Adani’s ₹10 Billion Bond Offering Opens July 9

According to the Reuters report, the company plans to issue bonds with tenors of 2, 3 and 5 years, offering fixed annual coupons of 8.95% for 2-year notes, 9.15% for 3-year notes, and 9.30% for 5-year notes. Investors opting for quarterly interest payments will receive slightly reduced rates of 8.85% and 9.00% for 3 and 5-year bonds, respectively. The issue includes a greenshoe option of ₹5 billion, allowing for additional fundraising if demand exceeds expectations.

The bonds come with an option for the issuer to defer interest payments until maturity, providing the company financial flexibility. 

Comparison with Previous Issue and Market Conditions

Adani Enterprises had raised ₹8 billion in its debut retail bond issue in September 2024. The coupon rates at the time were slightly higher at 9.25%, 9.65% and 9.90% across the same tenors. The latest offering reflects a 30–60 basis point decline in rates, aligning with current interest rate trends and market liquidity conditions.

Read More: Adani Group to Invest $100 Billion, Targets 100 GW Power Capacity by 2030!

Lead Managers and Strategic Context

Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services will act as lead managers for the bond sale. The fresh capital comes on the heels of a $750 million raise from global banks last month, indicating strong international and domestic funding interest in the group despite ongoing regulatory scrutiny.

While the company faces investigations by SEBI and US authorities over alleged financial improprieties, Adani has denied all accusations. He recently reassured shareholders that no group executive has been charged under US anti-corruption laws.

Adani Enterprises Share Price Performance

On July 1, 2025, Adani Enterprises share price opened at ₹2,624.90 on NSE, above the previous close of ₹2,619.40. During the day, it surged to ₹2,645 and dipped to ₹2,603. The stock is trading at ₹2,613.40 as of 2:23 PM. The stock registered a marginal down by 0.23%.

Over the past week, it has moved up by 3.41%, over the past month, it has moved up by 5.82%, and over the past 3 months, it has moved up by 11.97%.

Conclusion

Adani Enterprises’ upcoming ₹10 billion bond issue presents a retail-focused debt investment opportunity with stable returns. The offering’s flexible tenors and competitive yields aim to attract a broad investor base amidst a cautiously optimistic bond market environment.

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