Adani Power Plans Record 75 Billion Rupee Bond Issue with SBI Mutual Fund as Anchor Investor
Adani Power is set to launch a record 75 billion rupee bond sale this week. SBI Mutual Fund will serve as anchor investor for the four-tranche offering.
Insights:
Adani Power Limited has announced plans to launch a 75 billion rupee bond issue, marking the company's largest-ever rupee-denominated bond sale. The offering is valued at approximately $820 million based on an exchange rate of 91.5630 Indian rupees per dollar. The transaction is expected to launch later in the week of January 21, 2026, targeting institutional investors in IN 
IN.
IN.SBI Mutual Fund, which is currently the biggest mutual fund in terms of assets under management in the country, has committed to purchase at least 10% of the total issue as an anchor investor. This commitment amounts to 7.50 billion rupees. The fund, which is a major entity alongside the State Bank of India , will specifically purchase 4.50 billion rupees of the two-year tranche and 3 billion rupees of the three-year tranche.
