Aditya Birla Capital allots ₹3,400-crore NCDs on private placement

Diversified financial services player Aditya Birla Capital Limited (ABCL) on Friday, September 12, said it has allotted 3,40,000 partly paid, secured, rated, listed, taxable, redeemable non-convertible debentures (NCDs) aggregating ₹3,400 crore on a private placement basis to identified investors.

The issuance comprises two tranches. Tranche 1 involves the allotment of 1,70,000 debentures at ₹50,000 per debenture, aggregating ₹1,700 crore, while the second tranche will also raise ₹1,700 crore at the same allotment price. The debentures will be listed on both BSE and NSE.

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The tenure of the debentures is 3,651 days, maturing on September 11, 2035. The coupon rate is fixed at 7.61% per annum, with interest payments scheduled annually from September 12, 2026, through September 11, 2035. The principal amount will be fully redeemed at maturity at a face value of ₹1,00,000 per debenture.

The issuance is backed by a first pari passu charge on ABCL’s receivables, securities, future movable assets, and current assets, as identified by the company from time to time. There are no special rights or privileges attached to the debentures, nor any default or delay in payments reported.

Shares of Aditya Birla Capital Ltd ended at ₹291.35, up by ₹1.35 or 0.47%, on the BSE today (September 12) .

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