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Adani Enterprises raises ₹100 cr via non-convertible debentures, stock climbs 2%

John

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Adani Group’s flagship company Adani Enterprises on Monday raised ₹100 crore by allotment of non-convertible debentures on a private placement basis. Adani Enterprises shares witnessed positive sentiment today and the shares climbed by nearly 3%.

The company allotted 1,000 Rated, Listed, Secured, Redeemable, Principal Protected Market Linked Non-Convertible Debentures (“MLD”). The debentures have a face value of ₹10 lakh each.

The said MLD will be listed on the Wholesale Debt Market segment of BSE.

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