Adani Enterprises to Launch ₹1,000 Crore Public Bond Issue Next Week

Adani Enterprises is set to enter the bond markets next week with a public bond issue aimed at raising ₹1,000 crores, according to merchant bankers familiar with the matter. The flagship company of the Adani Group has structured the offering to include an additional ₹500 crore greenshoe option, which companies typically exercise when market conditions and pricing prove favorable.

Bond Structure and Terms

The upcoming bond issue will offer investors three distinct maturity options, each with competitive annual coupon rates designed to attract diverse investor segments.

Maturity Period:	Annual Coupon Rate
Two-year bonds:	8.60%
Three-year bonds:	8.75%
Five-year bonds:	8.90%

Investors will have flexibility in receiving their coupon payments, with options available for both quarterly distributions and cumulative basis payments. This structure caters to different investor preferences and cash flow requirements.

Issue Timeline and Ratings

The bond offering has secured strong credit ratings from leading rating agencies, reflecting the company's financial standing and creditworthiness.

Parameter:	Details
Credit Rating:	AA- (CARE Ratings and ICRA)
Issue Opening Date:	January 6
Issue Closing Date:	January 19
Retail Allocation:	35%

Market Positioning and Arrangers

This represents Adani Enterprises' third foray into public bond markets, building on previous successful offerings. The company previously raised ₹1,000 crores through a public bond issue in July 2025, which also featured two, three, and five-year tranches. Prior to that, the company completed its inaugural public debt issue in September 2024.

The current offering is being managed by a consortium of experienced financial services firms:

Nuvama Wealth Management
Trust Investment Advisors
Tipsons Consultancy Services

The 35% allocation specifically reserved for retail investors demonstrates the company's commitment to broadening its investor base beyond institutional participants. This retail focus aligns with market trends toward greater retail participation in corporate bond markets.

Strategic Fundraising Context

The bond issue comes as part of Adani Enterprises' ongoing capital management strategy, utilizing debt markets to support its diverse business operations. The structured approach across multiple maturities allows the company to optimize its debt profile while providing investors with options that match their investment horizons and risk preferences.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.75%	+2.44%	+0.66%	-10.42%	-8.07%	+378.17%

Adani Enterprises announced that its joint venture AdaniConneX Private Limited has successfully completed the acquisition of 100% stake in Giridhari Build Estate Limited for ₹366.65 crores. The transaction was completed on December 31, 2025, with the disclosure made under Regulation 30 of SEBI Listing Regulations.

Official Regulatory Filing

The company filed detailed disclosure documents with BSE Limited and National Stock Exchange of India Limited, providing comprehensive information about the acquisition as required under SEBI regulations. The information was received by Adani Enterprises on December 31, 2025 at 7:39 PM, with the official filing completed on January 1, 2026.

Filing Details	Specifications
BSE Scrip Code	512599
NSE Scrip Code	ADANIENT
Regulation	SEBI Regulation 30
Filing Date	January 1, 2026
Authorized Signatory	Jatin Jalundhwala, Company Secretary

Transaction Overview

The acquisition represents a strategic move by AdaniConneX Private Limited (ACX) to expand its infrastructure development capabilities through a cash consideration transaction.

Transaction Parameters	Details
Acquisition Value	₹366.65 crores
Stake Acquired	100% equity stake
Completion Date	December 31, 2025
Consideration Type	Cash consideration against shares
Related Party Transaction	No
Regulatory Approvals Required	None

Target Company Profile

Giridhari Build Estate Limited (GBEL) was incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on November 7, 2019. The company focuses on infrastructure development activities and possesses strategic assets despite not yet commencing commercial operations.

Company Specifications	Details
Authorized Share Capital	₹10,000.00
Paid-up Share Capital	₹10,000.00
Business Focus	Infrastructure development activities
Commercial Status	Yet to commence operations
Key Assets	Sizeable land parcel and key licenses
Incorporation Date	November 7, 2019

Strategic Rationale

The acquisition object is to set up infrastructure facilities, aligning with ACX's development objectives. GBEL's strategic value lies in its ownership of sizeable land parcels and secured key licenses, which provide ACX with a head start in infrastructure development activities. This positions the joint venture advantageously in the infrastructure sector despite GBEL not yet commencing commercial activities.

Business Impact

This acquisition strengthens ACX's position in the infrastructure development sector by providing immediate access to licensed land assets and development-ready infrastructure. The transaction represents a strategic investment in expanding the joint venture's operational capabilities and market presence, with no requirement for governmental or regulatory approvals, ensuring a streamlined acquisition process.