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.
Awaiting price reaction for this filing.
Aditya Birla Capital has allotted secured, rated, listed, taxable, redeemable Non-Convertible Debentures (NCDs) to multiple investors via private placement on January 12, 2026, raising a total of Rs. 254 crore. The first tranche of 20,400 NCDs at Rs. 1 lakh face value aggregates to Rs. 204 crore, carrying a coupon of 7.6043% p.a. with a maturity date of July 20, 2035 (roughly 9.5 years). The second tranche of 500 NCDs at Rs. 10 lakh face value aggregates to Rs. 50 crore, carrying a coupon of 7.2400% p.a. maturing on February 18, 2031 (about 5 years). Both tranches are secured by a first pari passu charge on receivables, securities, and current assets, and are listed on BSE and NSE. The original issue size for Tranche 1 was Rs. 100 crore with a green shoe option up to Rs. 400 crore, while Tranche 2 had a base of Rs. 50 crore with a green shoe up to Rs. 200 crore.
This is a debt raise, not equity, so there is no dilution for existing shareholders. It does increase the company's interest obligations, but the coupon rates (7.24%-7.60%) are reasonable and likely reflect current market borrowing costs for a rated NBFC. The move signals continued fundraising to support lending or growth activities, which is normal for a capital-focused NBFC like Aditya Birla Capital.