Adani Enterprises Announces Early Closure of ₹800 Crore NCD Issue Key Details Revealed
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In a significant financial move, Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has announced the early closure of its ₹800 crore non-convertible debenture (NCD) issue. Originally set to close on September 17, 2024, the issue will now close on September 6, 2024. This decision was made by the management committee of the board of directors. The NCD offering includes up to 80 lakh debentures, each with a face value of ₹1,000, aimed at repaying existing debts and general corporate purposes. The NCDs have received a positive rating of CARE A+ from CARE Ratings Ltd, indicating a low credit risk. Join us as we delve into the details of this financial development and what it means for Adani Enterprises and its stakeholders. • *Tags:* • Adani Enterprises, Non-Convertible Debentures, NCD Issue, Early Closure, Financial News, Corporate Finance, Adani Group, Securities and Exchange Board of India, Investment, Business Update, CARE Ratings • *Hashtags:* • #AdaniEnterprises #NCDIssue #CorporateFinance #InvestmentNews #FinancialUpdates #AdaniGroup #BusinessNews #CAREratings #DebtRepayment #StockMarket
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