Aditya Birla Capital allots ₹400 crore secured NCDs via private placement
- Aditya Birla Capital Limited allotted ₹400 crore worth of secured NCDs on October 15, 2026
- The issuance comprised 40,000 debentures with a face value of ₹1 lakh each
- Maturity date is set for September 15, 2028, with fixed coupon payments
- Security is provided by a first pari passu charge over receivables and current assets
*this image is generated using AI for illustrative purposes only.
Aditya Birla Capital Limited has allotted 40,000 secured, rated, listed, taxable, and redeemable non-convertible debentures (NCDs) aggregating to ₹400 crore. The allotment was executed on a private placement basis on October 15, 2026, targeting identified investors.
The debentures carry a face value of ₹1 lakh each. This issuance forms part of a larger authorized framework with an initial issue size of ₹300 crore and a green shoe option extending up to ₹700 crore. The final allotted amount utilized a portion of this enhanced capacity.
Security and Tenor Details
The instruments are secured through a first pari passu charge in favor of the Debenture Trustee. This charge covers the company's receivables, securities, future movable assets, and current assets as identified by the issuer from time to time. The debt is classified as secured, indicating priority over unsecured creditors in the event of liquidation.
The tenor varies based on the tranche structure disclosed in the filing:
| Particulars | Details |
|---|---|
| Issuer | Aditya Birla Capital Limited |
| Type of Securities | Secured, Rated, Listed, Taxable, Redeemable NCDs |
| Issue Size (Allotted) | ₹400 crore |
| Number of Securities | 40,000 |
| Face Value | ₹1 lakh per debenture |
| Date of Allotment | October 15, 2026 |
| Date of Maturity | September 15, 2028 |
| Coupon Rate | Fixed |
Cash Flow Structure
The schedule of payments indicates a fixed coupon rate with semi-annual interest payments. The illustrative cash flows per debenture reveal the following structure for investors holding the instrument until maturity:
| Event | Date | Amount (₹) |
|---|---|---|
| Principal Inflow (Net) | October 15, 2026 | 98,926.96 |
| First Coupon | September 15, 2027 | 7,295.90 |
| Second Coupon | September 15, 2028 | 7,295.90 |
| Principal Redemption | September 15, 2028 | 1,00,000.00 |
The principal inflow at allotment reflects a net amount after accounting for accrued interest. The redemption price at maturity is fixed at ₹1 lakh per debenture.
Regulatory Compliance
The company notified both the BSE and the National Stock Exchange of India regarding the allotment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issuance also complies with the master circular under the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
The securities are listed on BSE Limited and the National Stock Exchange of India Limited. No special rights or privileges are attached to these instruments beyond standard security provisions. There have been no defaults in payment of interest or principal amounts for any existing debentures.
Historical Stock Returns for Aditya Birla Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.88% | +2.73% | -3.23% | +13.28% | +28.27% | +255.25% |
How will the ₹400 crore capital infusion specifically impact Aditya Birla Capital's asset growth trajectory in the upcoming fiscal quarters?
What is the implied yield-to-maturity for these NCDs given the net inflow and coupon structure, and how does it compare to current market rates for similar NBFC paper?
Given the remaining green shoe capacity, is the company planning to tap the additional ₹300 crore tranche before the end of the financial year?
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