Aditya Birla Capital Limited has informed the Exchange regarding allotment of Non Convertible Securities.
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Aditya Birla Capital Limited has allotted 163 unsecured, rated, listed, taxable, redeemable non-convertible perpetual debentures (NCDs) on a private placement basis to identified investors. Each debenture has a face value of Rs. 1 crore, aggregating to a total issue size of Rs. 163 crore, which is above the initial base size of Rs. 100 crore and the green shoe option of up to Rs. 150 crore. The debentures carry a coupon of 8.3710% per annum, payable annually, and are perpetual in tenor with a call option exercisable after 10 years and 4 months (from February 27, 2026). The NCDs are listed on BSE and NSE.
The company has raised Rs. 163 crore through perpetual debt at a competitive coupon of 8.371%, strengthening its capital base without dilution. For shareholders, this is a neutral-to-positive move as it boosts long-term funding, though it adds to interest obligations and is technically a perpetual instrument (similar to Additional Tier 1 capital).