Brief by Shorts91 NewsDesk / 09:05am on 30 Jun 2025,Monday Business
Indian billionaire Gautam Adani’s flagship, Adani Enterprises, has filed a draft prospectus to raise ₹10 billion (≈ US $117 million) via a retail bond sale, according to stock‐exchange filings. This marks the company's second public debt issue in under a year, following an ₹8 billion issue in September 2024. The current offering includes a ₹5 billion greenshoe option. Lead managers include Nuvama Wealth, Trust Investment Advisors, and Tip Sons Consultancy. Bond terms tenor, coupon, and launch date are pending. Rating agencies Icra and CARE have assigned an AA rating to the bonds. The move reflects Adani's continued strategy to tap retail investors for financing. (PC: Mint & Skantec)
