AHMEDABAD: Adani Enterprises Limited (AEL), the flagship company of the Adani Group, on Friday announced the launch of its third public issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs) of Rs 1, 000 crore, offering up to 8.90 per cent per annum.
The issue will open on January 6 and close on January 19, with an option of early closure or extension. The NCDs have a face value of Rs 1, 000 each.
Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The minimum application size would be Rs 10, 000, said AEL, India’s largest listed business incubator in terms of market capitalisation.
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