Adani Enterprises raises Rs 150 crore via NCDs

Adani Enterprises, the flagship company of the Adani Group, on Saturday said that it has raised Rs 150 crore through issuance of non-convertible debentures on private placement basis.

"The company has raised Rs 150 crore on June 24, 2016 by allotment of 1,500 rated, listed, taxable, secured, redeemable, non-convertible Debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis," Adani Enterprises said in a BSE filing.

It further said the said NCDs will be listed on the wholesale debt market segment of BSE Ltd.

Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.

The group has also made significant inroads in the agri-infrastructure business by setting up grain storage silos and cold storage facilities, catering to storage of apples from Himachal Pradesh.