Adani Enterprise has raised Rs 1,000 crore through the sale of bonds, says a Reuters report. The bonds have a maturing period of 2.5 years. The company will pay a semi-annual coupon of 8.70 per cent on the issue and has invited commitment bids on Tuesday, Reuters reported.
Reuters reports that the bonds will be placed directly with investors, with large mutual funds likely to be the primary buyers. Further, the notes are rated AA- by ICRA and follow a retail bond sale conducted three months ago.
Adani Enterprises Q1 results
All eyes are now on the Adani Q2 results. In the first quarter, this key Adani Group company had reported a 44.9 per cent YoY decline in its consolidated net profit to Rs 976.48 crore in Q1 FY26.
The company’s revenue from operations also declined 13.96 per cent YoY in the quarter. The company posted a total revenue of Rs 21,916.20 crore
Adani Enterprises share price
In the last month, Adani Enterprises stock has gained 8.34 per cent, and in the last 6 months the stock has grown by 9.5 per cent