Adani Enterprises Launches Rs 10 Bn NCD Issue with 8.90% Yield

05 Jan 2026 CW Team

Adani Enterprises (AEL) has announced the launch of its third public issue of secured, rated and listed redeemable non-convertible debentures (NCDs), aggregating up to Rs 10 billion, offering investors returns of up to 8.90 per cent per annum.

The issue comprises a base size of Rs 5 billion, with a green shoe option to retain oversubscription of up to an additional Rs 5 billion. The public issue will open on January 6, 2026, and close on January 19, 2026, with an option for early closure or extension. Each NCD has a face value of Rs 1,000, with a minimum application of 10 NCDs, translating into an investment of Rs 10,000.

“This third NCD issuance marks another step in our journey to broaden access to India’s capital markets and give retail investors a stake in long-term infrastructure growth,” said Jugeshinder ‘Robbie’ Singh, Group CFO, Adani Group. “The strong response to our previous offerings reinforces trust in our strategy and financial discipline,” he added.

The proposed NCDs have been rated “CARE AA-; Stable” by CARE Ratings and “[ICRA] AA- (Stable)” by ICRA, indicating a high degree of safety and very low credit risk. AEL’s previous Rs 10 billion NCD issue, launched in July last year, was fully subscribed within three hours on the first day.

At least 75 per cent of the issue proceeds will be used for repayment or prepayment of existing borrowings and interest obligations, while up to 25 per cent will be allocated for general corporate purposes. The NCDs will be offered in tenors of 24, 36 and 60 months, with quarterly, annual and cumulative interest payment options across eight series.

The issue comes at a time of a softer interest rate cycle, offering investors competitive yields compared to similarly rated NCDs and fixed deposits. Nuvama Wealth Management, Trust Investment Advisors and Tipsons Consultancy Services are the lead managers to the issue.

Infrastructure Urban

23 Jan 2026

9th India–Myanmar Joint Trade Committee Meeting Held in Nay Pyi Taw

The ninth meeting of the India–Myanmar Joint Trade Committee (JTC) was held in Nay Pyi Taw, Myanmar, with a focus on strengthening bilateral trade and deepening economic cooperation. The meeting was co-chaired by U Minn Minn, Deputy Minister, Ministry of Commerce of the Republic of the Union of Myanmar, and Nitin Kumar Yadav, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India.Representatives from relevant ministries and stakeholder departments from both countries participated in the discussions. The meeting covered a broad range of issues aim..

DGCA Launches Digital Pilot Licence Services for ATPL

The Directorate General of Civil Aviation (DGCA) has launched Electronic Personnel Licence (EPL) services for the Airline Transport Pilot Licence (ATPL), marking a significant step in the regulator’s ongoing digital transformation of aviation licensing in India. The service was inaugurated at an event held at the DGCA headquarters.Inaugurating the EPL ATPL service, Director General of Civil Aviation Faiz Ahmed Kidwai said the initiative represents a major advancement in strengthening India’s civil aviation regulatory framework through secure, modern and future-ready digital systems. He con..

Cabinet Extends Atal Pension Yojana and Support Till 2030–31

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030–31, along with the extension of government funding support for promotional and developmental activities and gap funding to ensure the scheme’s long-term sustainability.Under the approved framework, APY will continue to receive government support aimed at expanding its reach among unorganised and low-income workers. This includes funding for awareness campaigns, capacity-building initiatives and other developmental activities to strengthen ..