Aditya Birla Capital Limited has successfully completed the allotment of 30,000 Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. This private placement raised an aggregate of ₹300 crore. The debentures are scheduled for redemption on June 25, 2031, and carry a zero coupon rate, with a specific principal inflow and outflow schedule detailed in the annexures.
Aditya Birla Capital Completes NCD Allotment
Aditya Birla Capital Limited announced the successful allotment of 30,000 Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size aggregates to ₹300 crore, with each debenture having a face value of ₹1,00,000. This issuance signifies the company’s continued access to debt capital markets.
Key Financials and Terms
The NCDs have been allotted to multiple investors, reflecting broad market interest. The total issue size stands at ₹300 Crore, with a potential for an additional green shoe option up to ₹200 Crore. The debentures have a tenor of 1,757 days from the further issuance date. Redemption is scheduled for June 25, 2031, with a zero coupon rate. The principal repayment is structured with an initial inflow on September 2, 2026, amounting to ₹1,01,116.0000 per debenture, and a final outflow on June 25, 2031, totaling ₹1,47,111.5730 per debenture.
Security and Charge
The NCDs are secured by a first pari passu charge over the company’s receivables, securities, future movable assets, and current assets, providing a layer of security for the debenture holders.
Source: BSE
