Allotment of Non-Convertible Debentures
Awaiting price reaction for this filing.
Aditya Birla Capital Limited has allotted 1,30,125 unlisted, secured, senior, rated, redeemable Non-Convertible Debentures (NCDs) to Asian Infrastructure Investment Bank (AIIB) on a private placement basis, aggregating to INR 1,301.25 Crore. Each NCD has a face value of INR 1,00,000 with a coupon rate of 7.5330% per annum and a tenor of 1,096 days (approximately 3 years), maturing on June 30, 2028. The proceeds will be used to fund lending activities in renewable energy (solar, wind, hydrogen, storage) and electric mobility (EVs, batteries, charging). AIIB is a multilateral development bank headquartered in Beijing, and this investment aligns with India's Paris Agreement NDCs and renewable energy targets.
This is a debt-raising exercise, not equity dilution, so there is no impact on shareholding. Securing a marquee multilateral investor like AIIB at a competitive ~7.53% coupon enhances ABCL's credibility and supports its green/sustainable lending book, which is positive for long-term business growth.