Aditya Birla Capital Limited successfully allotted Non-Convertible Debentures (NCDs) on a private placement basis on March 10, 2026, aggregating a total of ₹705 Crore across three separate tranches. The issuances included NCDs with face values of ₹1,00,000 and ₹10,00,000, carrying annual coupon rates of 7.2959%, 9.1500%, and 7.1000%, respectively. All tranches are secured and listed, with maturities extending up to October 2031.
Private Placement of Secured NCDs Concluded
Aditya Birla Capital Limited has formally disclosed the completion of the allotment of Non-Convertible Debentures (NCDs) through a private placement mechanism on March 10, 2026. This corporate action involved the issuance of three distinct series of Secured, Redeemable, Rated, and Listed NCDs to multiple investors, totaling an aggregate principal amount of ₹705 Crore (Rupees Seven Hundred and Five Crore).
Tranche Details and Allotment Figures
The issuance was structured into three tranches, detailed by face value, total allotment, and aggregate value:
- Series 1: Allotted 30,000 Debentures with a face value of ₹1,00,000 each, totaling ₹300 Crore. The coupon rate for this series is 7.2959% p.a., and the maturity date is set for September 15, 2028.
- Series 2: Allotted 250 Debentures with a face value of ₹10,00,000 each, totaling ₹25 Crore. This tranche carries a coupon rate of 9.1500% p.a. and matures on December 21, 2028.
- Series 3: Allotted 4,300 Debentures with a face value of ₹10,00,000 each, totaling ₹430 Crore. The coupon rate is set at 7.1000% p.a., with final maturity occurring on October 3, 2031.
Security and Redemption Terms
All NCDs issued across the three tranches carry the benefit of security via Hypothecation by way of first pari passu charge in favor of the Debenture Trustee. This charge extends over the Company’s Receivables, Securities, future moveable assets, and Current Assets.
For the first and second tranches (₹300 Crore and ₹25 Crore issuances), the redemption price will be ₹1,00,000/- per Debenture on the Date of Maturity. For the third tranche (₹430 Crore issuance), the redemption price is fixed at Rs.10,00,000/- (Rupees Ten Lakh Only) per Debenture on its respective Date of Maturity, October 3, 2031.
Illustrative Cash Flow Highlights (Per Debenture)
The initial investment in all series is structured as a Principal Inflow on Tuesday, March 10, 2026, which includes both the principal component and accrued interest from the allotment date up to the first coupon payment date.
The longest tenor, the 4,300 NCDs series, includes six coupon payments between October 2026 and October 2031, with the final principal and coupon payment occurring simultaneously on Friday, October 3, 2031.
Source: BSE
