Adani bond sale: Rs 1,000 crore issue fully subscribed in 3 hours, retail investors drive demand; NCD offer may close early amid strong response
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Adani Enterprises' Rs 1,000 crore NCD issue was fully subscribed within three hours, driven by strong non-institutional demand from retail investors, HNIs, and corporates. The offering, featuring an annual interest of up to 9.3%, may close early due to the overwhelming response. Proceeds will primarily be used to repay existing debt, reaffirming investor confidence in the company's credit profile. What's Your Reaction?
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