Adani Enterprises , a key player in the Indian corporate landscape, has announced a significant move in the debt market. The company is raising up to ₹10,000 crore through a private placement of bonds, marking its first such placement since 2023.

Bond Details

Key Highlights

• This private placement is Adani Enterprises' first since 2023.
• Large mutual funds are expected to be the primary buyers of these bonds.
• The company's previous public bond issuances in 2023 included:
  • July: ₹10,000 crore at 8.95%-9.30% coupons
  • October: ₹7,000 crore at 10% coupon

Market Context

The bond issuance comes at a time when Adani Enterprises and the broader Adani Group have been under scrutiny:

• India's securities regulator recently dismissed some stock manipulation allegations against the Adani Group made by Hindenburg Research.
• Investigations continue into other allegations.
• The initial accusations had triggered a significant $150-billion stock sell-off.
• Since then, the company's shares have shown signs of recovery.

This latest bond issuance by Adani Enterprises demonstrates the company's continued ability to access capital markets despite recent challenges. The lower coupon rate of 8.70% compared to its previous issuances in 2023 might indicate improved investor confidence or more favorable market conditions for the company.

As the investigations into the remaining allegations continue, market participants will likely keep a close watch on Adani Enterprises and its financial activities. This bond issuance could be seen as a test of investor sentiment towards the company in the current market environment.

Prime Minister Narendra Modi is set to inaugurate the first phase of the Navi Mumbai International Airport on October 8, marking a significant milestone in India's aviation infrastructure development. This new airport, the second international airport in the Mumbai Metropolitan Region, represents a major step forward in enhancing the region's air connectivity and economic growth.

Project Details

Capacity and Infrastructure

The first phase of the airport, centered around Terminal 1, boasts impressive capabilities:

Upon full development, the airport is projected to significantly expand its capacity:

Airline Participation

Several major airlines have already confirmed their intention to partially relocate operations to the new airport, including:

• Air India Group
• IndiGo
• Akasa Air

This move by airlines underscores the strategic importance of the Navi Mumbai International Airport in meeting the growing air travel demands of the region.

Corporate Update

In a related development, Adani Enterprises Limited , which holds a majority stake in NMIAL, has announced a board meeting scheduled for October 8, 2025. The meeting will consider proposals for fund-raising through various means, including the issuance of debt securities. This aligns with the timeline of the airport's inauguration and could potentially be related to funding future phases of the project.

The inauguration of the Navi Mumbai International Airport represents a significant leap in India's aviation infrastructure. As the project progresses, it is expected to play a crucial role in alleviating air traffic congestion in the Mumbai region and contribute substantially to the local and national economy.