Adani Enterprises witnessed exceptional investor response as its ₹1,000 crore public issue of non-convertible debentures was fully subscribed within 45 minutes of opening on January 6. The flagship Adani Group company's base issue of ₹500 crore was completely sold out in just 10 minutes, reflecting robust investor appetite for high-rated corporate debt.

Swift Subscription Timeline

The secured NCD offering opened at 10:21 am and received overwhelming response from investors across categories. Despite being scheduled to remain open until January 19 with allotment on a first-come, first-served basis, the entire issue was oversubscribed in under an hour.

Investor Category Breakdown

Non-institutional investors emerged as the dominant force behind the issue's success, accounting for the largest portion of subscriptions. The company's disclosure revealed strong participation across different investor segments by mid-morning.

Issue Structure and Pricing

Adani Enterprises structured the offering with multiple maturity options to cater to diverse investor preferences. The bonds carry attractive annual coupons across different tenures, with an effective yield of up to 8.90% per annum.

Key Issue Features

• Base issue size: ₹500 crore
• Total issue size: ₹1,000 crore (including greenshoe option)
• Credit ratings: CARE AA- (Stable) and ICRA AA- (Stable)
• Interest payment options: Annual, quarterly, or cumulative structure
• Listing: BSE and NSE
• Fund utilization: At least 75% for debt repayment, balance for general corporate purposes

Recent Infrastructure Expansion

The successful bond issuance comes amid significant infrastructure developments by Adani Enterprises. The company has demonstrated strong execution capabilities across multiple large-scale projects in recent months.

Market Context and Performance

This represents Adani Enterprises' second major NCD issuance, following a previous ₹1,000 crore offering that was fully subscribed in three hours. The rapid subscription reflects strong investor confidence in the company's infrastructure growth story and credit profile.

Nuvama Wealth Management, Trust Investment Advisors, and Tipsons Consultancy Services are serving as lead managers for the issue, facilitating the smooth execution of this oversubscribed offering. The NCDs offer competitive yields compared to similarly rated debt and fixed deposits, providing retail investors an opportunity to participate in India's infrastructure development.

Adani Enterprises Limited announced a strategic acquisition through its subsidiary, marking another expansion in its business portfolio. The company disclosed that Adani Road Transport Limited (ARTL), its wholly owned subsidiary, has executed definitive documents to acquire a 49% stake in Sree Vishwa Varadhi Private Limited (SVVPL). The transaction was formally disclosed to BSE and NSE on January 3, 2026, under Regulation 30 of SEBI Listing Regulations.

Transaction Details

The acquisition involves ARTL subscribing to fresh securities equivalent to 49% shareholding in SVVPL on a fully diluted basis. The transaction includes an option for ARTL to acquire additional stake from existing shareholders, subject to regulatory approvals. The company received information about the transaction on January 2, 2026 at 11:38 PM.

Governance Rights and Structure

Upon completion of the 49% stake acquisition, ARTL will secure significant governance rights in SVVPL. The agreement grants ARTL the right to appoint two nominee directors on SVVPL's board, ensuring representation in the company's decision-making processes.

The transaction involves three key parties as detailed in the regulatory filing:

Regulatory Compliance and Disclosure

Adani Enterprises confirmed that SVVPL and VSEPL are not related to the promoter or promoter group, and the transaction does not fall within related party transactions. The formal disclosure was made through official communication to both BSE (Scrip Code: 512599) and NSE (Scrip Code: ADANIENT).

Strategic Implications

The acquisition represents Adani Enterprises' continued expansion strategy through its subsidiary network. ARTL had no existing shareholding in SVVPL at the execution date, making this a fresh investment opportunity. The structure allows for potential future expansion with the built-in option to acquire additional stake, providing flexibility for increased control based on business performance and regulatory approvals.

The transaction documentation was signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal) of Adani Enterprises Limited, ensuring proper corporate governance procedures were followed throughout the acquisition process.