Aditya Birla Capital has announced the allotment of secured, redeemable, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis, raising approximately ₹10,950 Crore from multiple investors on September 24, 2025. The debentures carry varied tenors and coupon rates, with maturities occurring in March 2028 and September 2028.
Debenture Allotment Details
Aditya Birla Capital (ABCL) has successfully allotted Non-Convertible Debentures (NCDs) to multiple investors through private placement on September 24, 2025. The total funds raised through this allotment amount to ₹10,950 Crore across four tranches with varying characteristics.
Tranche Specifications
The debenture allotment comprises the following:
- Tranche 1: 30,000 NCDs with a face value of ₹1,00,000 each, totaling ₹3,000 Crore.
- Tranche 2: 25,000 NCDs with a face value of ₹1,00,000 each, totaling ₹2,500 Crore.
- Tranche 3: 25,000 NCDs with a face value of ₹1,00,000 each, totaling ₹2,500 Crore.
- Tranche 4: 29,500 NCDs with a face value of ₹1,00,000 each, totaling ₹2,950 Crore.
Key Terms and Maturity
These NCDs are secured, redeemable, rated, and listed. The coupon rates vary, with some linked to a floating rate benchmarked against 3M OIS. Maturities range from March 24, 2028 to September 15, 2028, based on the issuance date and tenor. Redemptions will occur at a price of ₹1,00,000 per debenture on the maturity date.
Coupon Payment Schedule (Illustrative)
An example schedule for one tranche is provided below for the debentures bearing face value of ₹1,00,000:
- 1st Coupon: December 24, 2025 – ₹1,725.27
- 2nd Coupon: March 24, 2026 – ₹1,706.31
- 3rd Coupon: June 24, 2026 – ₹1,744.22
- and so on until the 10th coupon, and then principal outflow on March 24, 2028
Source: BSE
