Adani Enterprises Limited (AEL) on Thursday announced the launch of its maiden public non-convertible debenture (NCD) issue on September 4, with plans to raise up to Rs 800 crore.
The offering will include up to 80,00,000 secured, listed and redeemable NCDs, each with a face value of Rs 1,000. The base size issue is Rs 400 crore, with an option to retain over-subscription up to Rs 400 crore (green-shoe option) — aggregating up to Rs 800 crore.