Latest news with #NuvamaWealthManagement
Time of India
3 days ago
- Business
- Time of India
Adani Enterprises bond plans: Draft filed for Rs 10 billion issue; Greenshoe option of Rs 5 billion included
Adani Enterprises , the flagship entity of business magnate Gautam Adani , has submitted draft documentation to stock exchanges, outlining plans to secure 10 billion rupees ($117 million) through retail bond offerings, according to Reuters report. The company's return to the retail bond market comes after its initial debt offering in September 2024, when it successfully gathered 8 billion rupees through a public issuance, marking its first venture into this financing avenue. The current proposal incorporates a greenshoe option valued at Rs 5 billion. The company has appointed Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services to oversee the bond issuance as lead managers. The bonds, which have received AA- ratings from both Icra and Care Ratings, await finalisation of key details including tenor, coupon rate and launch timing. Adani Enterprises reported a sharp 752 per cent year-on-year rise in consolidated net profit for the quarter ended March 2025, reaching Rs 3,845 crore. This was significant compared to Rs 451 crore in the same period last year, with the surge primarily driven by an exceptional gain of Rs 3,286 crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
3 days ago
- Business
- Yahoo
India's Adani Enterprises plans public bond sale
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship company aims to raise 10 billion rupees ($117 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges. This will be the second time within a year that Adani Enterprises will tap the retail bond market. In September 2024, the company raised 8 billion rupees through a public issue, which was its first such debt sale. The proposed issue includes a greenshoe option of 5 billion rupees. Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services will be the lead managers for the bond sale. The tenor, coupon and the launch date have not yet been decided for the bonds that are rated AA- by Icra and Care Ratings. ($1 = 85.4470 Indian rupees) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India Today
3 days ago
- Business
- India Today
Adani Enterprises to raise Rs 1,000 crore via retail bonds
Billionaire Gautam Adani's flagship firm, Adani Enterprises, is planning to raise Rs 1,000 crore through a retail bond issue, according to stock exchange filings. The company has submitted a draft prospectus for the would mark the conglomerate's second foray into the public debt market within a year. Back in September 2024, Adani Enterprises raised Rs 800 crore in its maiden retail bond issue, which received strong investor The latest proposed issue includes a green-shoe option of Rs 500 crore, allowing the company to retain oversubscription if demand is bonds will be managed by Nuvama Wealth Management, Trust Investment Advisors, and Tip Sons Consultancy Services. However, key details such as the interest rate (coupon), tenure, and launch date are yet to be proposed bonds have been rated AA- by both ICRA and Care Ratings, signalling a relatively stable credit move comes at a time when more corporate giants are looking to tap the retail bond market, as investor appetite for fixed income products grows amid volatile equity markets. - Ends
Business Times
3 days ago
- Business
- Business Times
India's Adani Enterprises plans public bond sale
[MUMBAI] Indian billionaire Gautam Adani's flagship company aims to raise 10 billion rupees (S$149.1 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges. This will be the second time within a year that Adani Enterprises will tap the retail bond market. In September 2024, the company raised 8 billion rupees through a public issue, which was its first such debt sale. The proposed issue includes a greenshoe option of 5 billion rupees. Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services will be the lead managers for the bond sale. The tenor, coupon and the launch date have not yet been decided for the bonds that are rated AA- by Icra and Care Ratings. REUTERS
Reuters
3 days ago
- Business
- Reuters
India's Adani Enterprises plans public bond sale
MUMBAI, June 30 (Reuters) - Indian billionaire Gautam Adani's flagship company aims to raise 10 billion rupees ($117 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges. This will be the second time within a year that Adani Enterprises ( opens new tab will tap the retail bond market. In September 2024, the company raised 8 billion rupees through a public issue, which was its first such debt sale. The proposed issue includes a greenshoe option of 5 billion rupees. Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services will be the lead managers for the bond sale. The tenor, coupon and the launch date have not yet been decided for the bonds that are rated AA- by Icra and Care Ratings. ($1 = 85.4470 Indian rupees)
