Aditya Birla Capital Limited has informed the Exchange regarding allotment of Non-Convertible Securities.
ABCAPITAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aditya Birla Capital has allotted 12,500 Unsecured, Rated, Listed, Taxable, Redeemable Subordinated Non-Convertible Debentures (NCDs) worth Rs. 125 crore to identified investors via private placement. Each debenture has a face value of Rs. 1 lakh with a coupon rate of 8.0668% p.a. The NCDs have a tenor of 3,653 days (approximately 10 years), with allotment on April 30, 2026 and redemption on April 30, 2036. The NCDs are listed on both BSE and NSE. The issue was initially sized at Rs. 100 crore with a green shoe option up to Rs. 150 crore, and the company exercised partial green shoe to allot Rs. 125 crore.
This is a routine debt issuance by the financial services company to raise Tier 2 capital. The subordinated nature of these NCDs helps the company meet regulatory capital requirements. The 8.07% coupon is in line with current market rates for such instruments and does not signal distress. Shareholders can view this positively as it supports the company's lending and operations without diluting equity.