Adani Enterprises Limited, a leading conglomerate in India, has taken a major step in its capital-raising strategy by filing a draft prospectus for a public issue of non-convertible debentures (NCDs). The company intends to issue NCDs of face value ₹1,000 each, initially amounting up to ₹500 crore, with an option to accept over-subscription up to ₹500 crore, potentially aggregating the total issue to ₹1,000 crore. This development aligns with the company’s strategic funding initiatives and long-term financial planning.

The Board of Directors of Adani Enterprises had earlier approved the proposal to undertake a public issuance of NCDs totaling up to ₹3,000 crore during the meeting held on October 8, 2025. Following this approval, the management committee, in its meeting on December 23, 2025, finalized and adopted the draft prospectus for submission to regulatory authorities, ensuring full compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The draft prospectus dated December 23, 2025, has been filed with both BSE Limited and National Stock Exchange of India Limited. In addition, a copy has been forwarded to the Securities and Exchange Board of India (SEBI), marking a key regulatory step before the public issuance of the NCDs. The filing reflects Adani Enterprises’ commitment to transparency and adherence to statutory compliance, keeping investors and market participants informed about significant corporate developments.

The public issue of non-convertible debentures is a significant financial instrument for Adani Enterprises. NCDs offer a fixed income instrument to investors while allowing the company to raise long-term capital efficiently. The option for over-subscription ensures flexibility in meeting investor demand and strengthens the potential capital base for strategic projects or debt management initiatives.

This move by Adani Enterprises is part of its broader corporate finance and strategic funding framework, aiming to enhance liquidity, support business expansion, and optimize capital structure. By leveraging public debt markets, the company can raise substantial funds without immediate equity dilution, benefiting both the company and its existing shareholders.

For investors, the NCD issuance presents an opportunity to participate in a high-credit-quality corporate debt instrument issued by one of India’s leading conglomerates. The draft prospectus provides all necessary details regarding terms of the issue, interest rates, tenure, and redemption schedule, ensuring investors can make informed decisions.

In terms of regulatory compliance, the filing of the draft prospectus demonstrates full adherence to SEBI LODR requirements, including disclosure obligations, investor transparency, and corporate governance standards. The company’s proactive filing ensures that all procedural and statutory requirements are met prior to the launch of the public issue, reducing any potential regulatory risk.

In conclusion, Adani Enterprises’ draft prospectus filing for NCDs worth ₹500 crore with over-subscription option up to ₹1,000 crore is a key milestone in its capital-raising efforts. The initiative reflects the company’s focus on strategic financing, investor engagement, and regulatory compliance, while providing market participants with a high-quality investment opportunity. As the public issue progresses, it is expected to contribute significantly to Adani Enterprises’ long-term growth strategy and strengthen its position in the Indian corporate debt market.

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