Adani Enterprises’ Rs 400 crore NCD issue oversubscribed by over 200%. Should you apply?
Adani Enterprises’ Rs 400 crore public issue of debentures, which opened on Wednesday, was oversubscribed by around 221% on Day two, driven by heavy participation from retail investors. The non-convertible debentures (NCDs) will have an effective annual yield ranging from 9.25% to 9.90%. The issue will close on September 17. “Demand for Adani Enterprises maiden … Read more
