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Saba Capital makes strategic moves with buys and sells, including a $35K investment in BNY Mellon and selling Adams Natural Resources shares. Forestar Group expands its market presence with a dual NYSE listing.

Adani Enterprises bond plans: Draft filed for Rs 10 billion issue; Greenshoe option of Rs 5 billion included

Times of IndiaMonday, June 30, 2025 at 5:06:53 AM
Adani Enterprises bond plans: Draft filed for Rs 10 billion issue; Greenshoe option of Rs 5 billion included
Adani Enterprises is gearing up to raise another ₹10 billion (about $120 million) through retail bonds, building on its successful ₹8 billion debt offering last September. The new plan includes a "greenshoe" option—a fancy term for an extra ₹5 billion that can be tacked on if demand is strong. Nuvama Wealth and other financial firms are handling the deal.
Editor’s Note: Big companies like Adani often turn to bonds when they need cash for expansion or other projects. The greenshoe option suggests they're optimistic about investor appetite—but it’s also a standard safety net in case the offering gets oversubscribed. For retail investors, it’s another chance to bet on Adani’s growth, though the group’s recent controversies might make some wary. Either way, it’s a sign India’s corporate debt market stays active despite global economic jitters.
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