India's Adani Enterprises eyes $210 mln fundraise via rupee debt, bankers say
MUMBAI: The flagship firm of India’s Adani group, Adani Enterprises, plans to raise around 20 billion rupees ($210 million) through the sale of short-duration bonds, two merchant bankers directly aware of the transaction said on Tuesday. “The company would look for an issuance of below five-year maturity, and may aim to complete the sale within this quarter,” one of the bankers said. The funds…
India's Adani Enterprises aims to raise approximately 20 billion rupees ($210 million) through the issuance of short-duration bonds, according to two merchant bankers familiar with the transaction. The company intends to sell bonds with a maturity of less than five years, and the sale is expected to be completed within the current quarter.
The funds will be utilized for general corporate purposes, though the specifics have not been finalized. The bankers did not provide their names due to confidentiality restrictions. Adani Enterprises has not responded to a request for comment from Reuters.
The bond sale follows CareEdge Ratings' upgrade of the firm's long-term credit rating to AA from AA- earlier this week, indicating a more favorable assessment of Adani Enterprises' financial risk profile. In January 2026, the company raised 10 billion rupees, marking its third public debt issuance. Prior to that, Adani Enterprises tapped private corporate debt sources in October 2025, raising an additional 10 billion rupees through the issuance of bonds with a maturity of two years and six months and a semi-annual coupon rate of 8.70%.
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