Unlisted Adani Capital
last week raised 100 crore through the issuance of non-convertible debentures
with a coupon rate of 9.65% and a three-year tenor set to mature on November 6, 2026.These debentures, with a face value of 1 lakh each, will offer a quarterly interest payment schedule, with the bond
offering categorised as secured, rated, listed, fully paid up, redeemable, and transferable non-convertible debentures.
The bond issuance went through bidding on November 3, at the BSE with the pay-in date set for November 6. Earlier this year, Bain Capital announced its acquisition of 90% of Adani Capital and Adani Housing, two non-banking financial companies within the Adani Group. This transaction is set to conclude in the fourth quarter of 2023, subject to necessary regulatory and market approvals.
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