Aditya Birla Capital Limited has informed the Exchange regarding allotment of Its Non-Convertible Debentures.
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Aditya Birla Capital Limited has allotted Rs. 728 crore of Secured, Rated, Listed Non-Convertible Debentures (NCDs) via private placement on May 14, 2026. The first tranche of Rs. 478 crore carries a coupon of 7.7173% p.a. with maturity on May 13, 2031 (approx. 5 years), while the second tranche of Rs. 250 crore carries a higher coupon of 8.16% p.a. with maturity on February 14, 2029 (approx. 2.75 years). Both series are secured by a first pari passu charge over the company's receivables, securities, and current assets, and are listed on BSE and NSE. The company exercised the green shoe option in the first tranche, oversubscribing the base issue size of Rs. 250 crore.
The NCD allotment raises Rs. 728 crore in debt capital, strengthening the company's funding base. The 8.16% rate on the shorter-duration tranche is notably higher, reflecting market borrowing costs. This is routine debt raising and not equity dilutive for existing shareholders.