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Adani Enterprises launches ₹800 crore NCD issue with interest rates up to 9.90% and green shoe option. Check details

NCD Issue: Adani Enterprises Limited has launched a public issue of secured, rated, listed, redeemable, non-convertible debentures valued at ₹1,000 each, aiming to raise ₹400 crore initially. The company has also included a green shoe option, allowing for an oversubscription of up to ₹400 crore, bringing the total potential issue size to ₹800 crore, as per an exchange filing. Medium-term …

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Muthoot Finance Ltd on Thursday announced its 32nd series of public issue of secured redeemable non-convertible debentures of face value of ₹1,000 each. “Our 32nd NCD issue is open for subscription, and the interest rate offered on NCDs has been increased by 0.50%. This provides our investors a dual advantage of a higher rating and attractive interest rate ranging 8.75% …

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Non-Convertible Debentures are fixed income securities listed with major stock exchanges in India. Amit Gupta, MD, SAG Infotech said corporates issue NCDs, which are fixed income securities, to obtain long-term capital through public offerings. Good quality NCDs available above 10% for a tenor of 3 year Manish Jeloka, Co-head of Products & Solutions, Sanctum Wealth said it makes sense to …