Latest news with #TrustInvestmentAdvisors
Business Recorder
09-07-2025
- Business
- Business Recorder
India's Adani Enterprises' public debt issue oversubscribed on launch day, bankers say
MUMBAI: Indian billionaire Gautam Adani's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Adani Enterprises plans to raise up to 10 billion rupees ($116.7 million) through the sale of two-, three- and five-year bonds. The issue opened for subscription earlier in the day and received bids worth 15 billion rupees as of 5 p.m. IST, the bankers said. It will now close on Friday, ahead of its earlier schedule of July 22, Adani Enterprises said in a public notice. 'We think the company will tap this market on a regular basis considering the strong response,' one of the bankers said. They are directly involved in the issue and requested anonymity as they are not authorised to speak to the media. Adani Enterprises to sell 2-5 year debt at public bond sale next week Adani Enterprises will pay an annual coupon of between 8.95% and 9.30%, they said. Corporates led demand for the issue, followed by high net-worth individuals and retail investors, they added. This is India's biggest public issue in 14 months and comes after a subdued first quarter where firms were able to raise only about 15 billion rupees. Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services are the lead managers for the issue. Adani Enterprises did not immediately respond to a Reuters request for comment. Last September, the company raised 8 billion rupees in its debut public issue, offering yields 30-60 basis points higher across tenors. Adani Enterprises was able to garner over 7 billion rupees in bids on the first day until 5:00 p.m. IST last year.
Economic Times
09-07-2025
- Business
- Economic Times
Adani Enterprises' public debt issue oversubscribed on launch day, bankers say
Indian billionaire Gautam Adani's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian billionaire Gautam Adani 's flagship firm saw strong demand for its second public bond issue in less than a year, with the offering oversubscribed on launch day, three merchant bankers said on Wednesday. Adani Enterprises plans to raise up to 10 billion rupees ($116.7 million) through the sale of two-, three- and five-year issue opened for subscription earlier in the day and received bids worth 15 billion rupees as of 5 p.m. IST, the bankers will now close on Friday, ahead of its earlier schedule of July 22, Adani Enterprises said in a public notice."We think the company will tap this market on a regular basis considering the strong response," one of the bankers are directly involved in the issue and requested anonymity as they are not authorised to speak to the Enterprises will pay an annual coupon of between 8.95% and 9.30%, they led demand for the issue, followed by high net-worth individuals and retail investors, they is India's biggest public issue in 14 months and comes after a subdued first quarter where firms were able to raise only about 15 billion rupees. Trust Investment Advisors and Tip Sons Consultancy Services are the lead managers for the Enterprises did not immediately respond to a Reuters request for September, the company raised 8 billion rupees in its debut public issue, offering yields 30-60 basis points higher across Enterprises was able to garner over 7 billion rupees in bids on the first day until 5:00 p.m. IST last year.($1 = 85.6800 Indian rupees)
Economic Times
08-07-2025
- Business
- Economic Times
Edelweiss Financial Services launches Rs 300 crore NCD issue with yield up to 10.5%
Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy Services are acting as lead managers to the issue. Synopsis Edelweiss Financial Services has opened its Rs 300 crore secured NCD issue, offering yields of up to 10.49% annually. With 12 investment options across 24 to 120 months, the issue aims to repay existing debt and fund corporate needs. Allotment will be on a first-come, first-serve basis via BSE. Edelweiss Financial Services (EFSL) has announced a public issue of secured redeemable non-convertible debentures (NCDs) worth up to Rs 300 crore. The base issue size is Rs 150 crore, with a green shoe option of another Rs 150 crore. ADVERTISEMENT The NCDs, with a face value of Rs 1,000 each, will offer effective annual yields ranging from 9.00% to 10.49%, depending on the chosen series. The issue includes 12 series with tenures of 24, 36, 60, and 120 months, offering annual, monthly, and cumulative interest payment options. Also Read: 10 Nifty large-cap stocks with up to 38 buy calls; analysts see up to 20% upside The issue opens on July 8, 2025, and will close on July 21, 2025. The debentures have been rated 'CRISIL A+/Stable' by Crisil Ratings, indicating adequate safety. EFSL will utilise at least 75% of the funds raised for the repayment or prepayment of existing borrowings, with the remainder earmarked for general corporate purposes. The NCDs will be listed on BSE Limited to offer liquidity to will be done on a first-come-first-serve basis, based on the date of application upload into the BSE's electronic book. On the day of oversubscription and beyond, allotment will be made on a proportionate basis. ADVERTISEMENT Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy Services are acting as lead managers to the Read: Suzlon, Adani Ports among 10 stocks that earned upgrades in last 1 month. Check revised target price (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
India Today
30-06-2025
- 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
30-06-2025
- 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
