Aditya Birla Capital Limited has informed the Exchange regarding allotment of Non Convertible Securities
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Aditya Birla Capital has allotted 147 unsecured, rated, listed, non-convertible perpetual debentures (NCDs) on a private placement basis, each with a face value of Rs. 1 crore, totalling Rs. 147 crore. The issue had a base size of Rs. 100 crore with a green shoe option of up to Rs. 47 crore, and the full green shoe was utilised. The debentures carry a coupon rate of 8.4240% per annum, payable annually, and are perpetual in nature with a call option exercisable after 10 years and 16 days (from August 13, 2035). The securities are listed on BSE and NSE and are unsecured.
The company has raised Rs. 147 crore of long-term capital from a specific investor through perpetual debt, which strengthens its funding base without immediate dilution. For shareholders, this adds to the company's debt obligations but at a moderate coupon rate, and the perpetual nature means repayment depends on the company exercising the call option after 10 years.