Aditya Birla Capital Limited has informed the Exchange regarding allotment of Non Convertible Debentures.
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Aditya Birla Capital has allotted 59,000 secured, rated, listed, taxable, redeemable Non-Convertible Debentures (NCDs) on a private placement basis, raising Rs. 590 crore. Each debenture has a face value of Rs. 1,00,000, carries a coupon of 7.9413% per annum, and has a maturity date of August 7, 2028 (tenor around 3.4 years). The issue was originally sized at Rs. 200 crore with a green shoe option up to Rs. 800 crore, and the company utilised a large portion of this option. The NCDs are secured by a first pari-passu charge on receivables, securities, and current assets, and will be listed on BSE and NSE.
The company has successfully raised Rs. 590 crore from multiple investors at a competitive coupon rate, suggesting healthy demand for its debt. The significant exercise of the green shoe option indicates strong investor interest and provides additional capital for business growth, with no dilution for existing shareholders.