Archive · 23 Jan 2026
Adani Power raises ₹7,500 crore in bonds
Adani Power, a big company in India, just borrowed ₹7,500 crore ($816.58 million) by selling bonds.
Most of the money came from big Indian banks and investment funds.
They promised to pay back this money with extra interest ranging from 8.00% to 8.40% over different periods.
The bonds are rated 'AA', which means they are considered safe.
The biggest investor was SBI Mutual Fund, which put in ₹2,500 crore.
Other big investors included ICICI Bank, Axis Bank, and Kotak Mutual Fund.
This happened while the Adani Group was facing problems because the US government is accusing some of its leaders of doing something illegal.
Because of these accusations, the value of Adani Group's stocks went down by $12.5 billion.
The Adani Group says the accusations are not true and they will fight them in court.
Adani Power raised ₹7,500 crore ($816.58 million) in bonds, primarily from domestic banks and mutual funds.
The bonds have varying coupon rates: 8.00% for 2-year, 8.20% for 3-year, 8.30% for 4-year, and 8.40% for 5-year bonds.
SBI Mutual Fund was the lead investor, putting in ₹2,500 crore, with other major investors including ICICI Bank, Axis Bank, and Kotak Mutual Fund.
The bond issue closed on Friday, January 23, 2026, and is rated 'AA' by Crisil and India Ratings.
The Adani Group faced a $12.5 billion drop in market capitalization due to US SEC allegations of wire fraud and bribery.
- Who
- Adani Power, a subsidiary of the Adani Group
- What
- Raised ₹7,500 crore ($816.58 million) in bonds
- When
- Bond issue closed on Friday, January 23, 2026
- Where
- India
- Why
- To raise capital amidst challenges in the renewable energy sector and allegations from the US Securities and Exchange Commission
- Amount Raised
- ₹7,500 crore ($816.58 million)
- Investors
- Domestic banks and mutual funds
- Coupon Rates
- 8.00% (2-year), 8.20% (3-year), 8.30% (4-year), 8.40% (5-year)
- Rating
- AA by Crisil and India Ratings
- Lead Investor
- SBI Mutual Fund (₹2,500 crore)
- Other Major Investors
- ICICI Bank (₹1,100 crore), Axis Bank (₹1,000 crore), Kotak Mutual Fund (₹600 crore)
- Bond Issue Date
- Closed on Friday, January 23, 2026
- Market Capitalization Loss
- $12.5 billion
- US SEC Allegations
- Wire fraud and bribery case worth $265 million