Adani Enterprises Raises Rs 1250 Crore Through Ncds Stock Trades Lower

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Adani Enterprises raises Rs 1250 crore through NCDs; stock trades lower

ri-calendar-2-lineJul 12, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Adani Enterprises said in the filing on Tuesday that it has raised Rs 1,250 crores through the distribution of non-convertible debentures (NCDs). However, the company did not say the purpose of raising the funds.

Adani Group’s flagship firm announced in a regulatory filing to the stock exchanges that, “We would like to inform that the company has raised Rs. 1,250 crores on 11th July, 2023 by allotment of 125,000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (“NCDs”) of the face value of ₹1,00,000/- each on private placement basis.”

The group company has been raising both equity and debt capital as the promoters look to develop a ‘liquidity cushion’ to help with expansion and loan servicing. The promoters of the Adani Group plan to further whittle down their stake in the group’s listed companies and have already sounded out global investors.

Currently, the stock is trading in the negative stock at Rs 2399.85, down 0.91% in the late morning trade on Wednesday.

Source: Media reports

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions