Aditya Birla Capital Limited has informed the Exchange regarding allotment of Non Convertible Securities.
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Aditya Birla Capital has raised Rs 505 crore by allotting 50,500 secured, redeemable, rated, listed non-convertible debentures (NCDs) on a private placement basis to multiple investors. Each debenture has a face value of Rs 1 lakh, carries a coupon of 7.7173% per annum, and has a tenure of 1,870 days (approximately 5 years), maturing on May 13, 2031. The issue has a green shoe option that could take total size up to Rs 1,000 crore. The NCDs are secured by a first pari-passu charge on the company's receivables, securities, future movable assets, and current assets, and are proposed to be listed on BSE and NSE.
This is a routine debt-raising move by the Aditya Birla Group's NBFC arm at a competitive coupon of 7.72%, reflecting strong credit quality. Limited direct impact on equity shareholders; it expands the company's borrowing mix and lending capacity, while the green shoe option signals room for further fundraising if demand is strong.