Adani Enterprises approves issuance of NCDs worth Rs 10 billion

The board of Adani Enterprises has approved the issuance of non-convertible debentures (NCDs) aggregating Rs 10 billion. The issue will comprise a base size of Rs 5 billion with a green shoe option of an additional Rs 5 billion. The effective returns on the NCDs are expected to range between 8.6 per cent and 8.9 per cent.