Cyril Amarchand Mangaldas (CAM) and Trilegal advise on Adani Enterprises’ INR 1,000 crore public NCD issuance.
The issue was undertaken in accordance with the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and was opened on January 6, 2026, closing on January 8, 2026, with allotment completed on January 12, 2026. The issue was reportedly 2.75x oversubscribed and fully subscribed within one hour of opening.
Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited and Tipsons Consultancy Services Private Limited acted as lead managers to the issue.
CAM advised Adani Enterprises Limited on its public issue of non-convertible debentures aggregating to INR 1,000 crore (INR 10,000 million).
The capital markets team was led by Partner Devaki Mankad, with assistance from Principal Associate Jhalak Shah and Associates Adwait Deshmukh, Arikta Shetty, Aniruddh Saraswat, Harsha Menon and Aria Sheth. The finance team was led by Partner Meeta Kurpad, with support from Principal Associate Shivangi Singh and Associate Manasvin Andra.
Trilegal advised Adani Enterprises Limited and the syndicate of lead managers on the issuance.
The Trilegal capital markets team was led by Partner Richa Choudhary, with Counsel Avanti Kale, Senior Associate Ayush Khandelwal and Associates Yug Gambhir, Naman Shah, Adya Singh and Arnab Goswami. The banking and finance team was led by Partner Joseph Jimmy, with Counsel Tania Chourasia, Senior Associate Jinay Padh and Associate Aditya Shukla.
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