INSUBCONTINENT EXCLUSIVE:
The bond sale comes as the conglomerate tries to raise funds from a mix of routes | (Photo: Shutterstock)2 min read Last Updated : Sep 04
amount is reserved for high networth and retail individuals, according to its prospectus
Another 30 per cent is for non-institutional investors such as corporates, while the remaining 10 per cent is for institutional buyers.
The
bond sale comes as the conglomerate tries to raise funds from a mix of routes
repeatedly denied.
Since then, the group is back on a growth spree, considering fresh fundraising via a share sale for its flagship unit
after selling shares in its power utility
The group has enough cash to cover more than 30 months of debt payments, it said last month as the port-to-power conglomerate tries to
alleviate concerns about its liquidity risk.
In the issuance, Adani Enterprises is offering bonds due in two-, three- and five years, with
yield ranging between 9.25 per cent and 9.90 per cent
purposes.
Trust Investment Advisors Pvt., AK Capital Services and Nuvama Wealth Management are the lead managers for the public issue,
which is slated to close Sept
17.First Published: Sep 04 2024 | 8:32 AMIST
