Aditya Birla Capital Limited has successfully completed the private placement of Secured Redeemable, Rated, Non-Convertible Debentures (NCDs), raising a total of Rs. 728 crore. This capital raise was executed across two separate series to support the company’s financial requirements. The allotment was finalized on May 14, 2026, with the instruments listed on both the BSE and the National Stock Exchange of India.
Breakdown of NCD Issuance
The total capital raised by Aditya Birla Capital through this private placement is divided into two distinct tranches to meet the company’s strategic funding needs. The company allotted 47,800 debentures in the first series, aggregating to Rs. 478 crore, and 25,000 debentures in the second series, aggregating to Rs. 250 crore. Each debenture carries a face value of Rs. 1,00,000.
Series 1 Details
The first tranche of Rs. 478 crore is characterized by a coupon rate of 7.7173% p.a.. These debentures are scheduled to reach maturity on May 13, 2031. Investors will receive annual interest payments, with the final principal redemption scheduled at the end of the 5-year tenure.
Series 2 Details
The second tranche of Rs. 250 crore carries a higher coupon rate of 8.1600% p.a.. This series has a shorter maturity profile compared to the first, with the redemption date set for February 14, 2029. Interest on this series is also payable on an annual basis.
Security and Collateral
To protect investor interests, these NCDs are secured. The company has created a first pari passu charge in favor of the Debenture Trustee. This security covers the company’s receivables, securities, future moveable assets, and current assets, as identified by the firm periodically to ensure sufficient asset backing for the debt instruments.
Source: BSE
