Aditya Birla Capital Limited has informed the Exchange regarding allotment of 130125 securities pursuant to Non Convertible Securities.
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Aditya Birla Capital Limited has allotted 1,30,125 unlisted, senior, rated, secured, redeemable non-convertible debentures (NCDs) on a private placement basis to the Asian Infrastructure Investment Bank (AIIB), a multilateral development institution. The total issue size is INR 1,301.25 Crore at a face value of INR 1,00,000 per debenture. The NCDs carry a coupon of 7.5330% per annum with a 3-year tenor, maturing on June 30, 2028. The proceeds will be used to fund lending in renewable energy generation (solar, wind, hydrogen, storage) and electric mobility (EVs, batteries, charging infrastructure). The issuance is secured by a first-ranking pari passu charge on the company's receivables, cash, and government securities.
This is a positive development for shareholders as it brings in a marquee multilateral investor (AIIB) at a competitive cost, strengthening ABCL's capital base to expand its sustainable infrastructure lending book. The NCDs are unlisted and privately placed, so there is no direct dilution to equity shareholders, but it enhances the company's ability to grow its lending assets in high-impact sectors.