Mutual Funds Sahi Hai!
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The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option) aggregating up to Rs 1000 crore.
The issue is scheduled to open on 09 July 2025 and close on 22 July 2025, with an option of early closure or extension.
There are 8 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, and 60 months with quarterly, annual and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 8.95% to 9.30%.
The NCDs issue has been rated Care AA-/Stable by CARE Rating and [ICRA] AA-/Stable ICRA.
The minimum application size for each application for NCDs would be Rs 10,000 across all series collectively and in multiples of Rs 1000 thereafter. Allotment is on First Come First Served Basis.
NCDs are proposed to be listed on BSE and NSE.
AdaniConneX (ACX), a joint venture of Adani Enterprises has completed the acquisition of 100% stake of Granthik Realtors (GRPL) from Windson Projects LLP (WP) and its Nominees on 26 June 2025 by virtue of Share Purchase Agreement (SPA) executed on 26 June 2025 by the parties. The acquisition is done at a purchase consideration of Rs 85.99 crore.
GRPL is incorporated in India and registered with the Registrar of Companies, Maharashtra at Mumbai on 7 May 2023 with an object for carrying out Infrastructure development activities. While GRPL is yet to commence commercial activities, it owns a sizeable land parcel and have secured key licenses to commence infrastructure activities, which would give a head start to ACX.