Adani Enterprises shares rise as board approves issuance of NCDs worth ₹1,000 crore; check details

Shares of Adani Enterprises Ltd (AEL) advanced on Tuesday, December 30, after the company’s board of directors approved and adopted the prospectus for the issuance of non-convertible debentures (NCDs) aggregating to ₹1,000 crore.

The conglomerate’s board’s management committee, in a regulatory filing on Monday, stated that AEL will issue one crore (or 1,00,00,000) NCDs with a face value of ₹1,000 each, amounting to ₹500 crore, with an option to retain over-subscription up to ₹500 crore.

The public issue of the NCDs will open on Tuesday, January 6, 2026, and will close on Monday, January 19. The company is yet to fix the date of allotment.

Investors will be able to apply for a minimum of 10 NCDs (₹10,000) and in multiples of ₹1,000 (1 NCD) thereafter.

The NCDs are proposed to be listed on the BSE and the National Stock Exchange (NSE), with BSE as the designated stock exchange, it added.

Adani Enterprises stock performance

Shares of AEL surged as much as 0.67% to an intraday high of ₹2,217.90 per unit on the NSE on Tuesday. The stock was trading 0.36% higher at ₹2,211 per unit at around 1:55 pm.

The scrip has lost nearly 2% in the past week and more than 3% over the month. On a year-to-date basis, it has slumped approximately 11%.

While the share reached a 52-week high of ₹2,616.50 apiece on September 23, 2025, it touched a year’s low of ₹1,967.52 on March 3, 2025.

Q2 results

The Adani Group’s flagship company reported an 84% annual increase in its consolidated net profit to ₹3,199 crore for the September quarter of FY26, compared to ₹1,742 crore logged in the year-ago period.

However, its revenue from operations had slumped 6% year-on-year (YoY) to ₹21,249 crore during the quarter under review, as against ₹22,608 crore in the second quarter of FY25.

AEL has a total market capitalisation of ₹2.56 lakh crore, as of December 30, 2025, according to data on the NSE.