Aditya Birla Capital Limited (ABCL), a leading financial services company, has successfully raised ₹3,400 crore through the allotment of secured non-convertible debentures (NCDs) via private placement. This significant debt fundraising initiative marks a strategic move for the company in strengthening its financial position.

NCD Allotment Details

The company has allotted 3,40,000 partly paid, secured, redeemable, rated, listed NCDs, each with a face value of ₹1,00,000. These debentures were issued to identified investors through a private placement, as disclosed in the company's filing with the stock exchanges.

Key Features of the NCDs

• Type: Partly Paid, Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures
• Tenor: 3,651 days (approximately 10 years)
• Allotment Date: September 12, 2025
• Maturity Date: September 11, 2035
• Coupon Rate: 7.61% per annum

Payment Structure

The NCDs feature a unique two-tranche payment structure:

1. Tranche 1 (Original Issuance): ₹50,000 per debenture, totaling ₹1,700 crore
2. Tranche 2: Additional ₹50,000 per debenture, bringing in another ₹1,700 crore

Security and Listing

The debentures are secured by a first pari-passu charge on the company's receivables, securities, future moveable assets, and current assets. They will be listed on both the BSE Limited and the National Stock Exchange of India Limited, enhancing their liquidity and tradability.

Coupon Payment Schedule

Investors can expect annual coupon payments, with the first payment scheduled for September 12, 2026. The final coupon and principal repayment will occur on the maturity date, September 11, 2035.

Implications for Aditya Birla Capital

This successful NCD issuance demonstrates Aditya Birla Capital's strong standing in the debt market and its ability to attract significant institutional investment. The funds raised are likely to be utilized for the company's growth initiatives, refinancing existing debt, or strengthening its overall financial structure.

The long tenor of the NCDs provides ABCL with stable, long-term funding, which could be particularly advantageous in the current economic environment. This move aligns with the company's strategy to diversify its funding sources and optimize its capital structure.

As Aditya Birla Capital continues to expand its presence in the financial services sector, this substantial fundraise through NCDs is expected to support its growth trajectory and enhance its competitive position in the market.

Aditya Birla Capital Limited (ABCL) has taken a significant step towards transparency in its proposed amalgamation with Aditya Birla Finance Limited (ABFL). The company has made public the transcript of a conference call held on March 11, 2024, which discussed the details of this strategic move.

Conference Call Transcript Available

ABCL has announced that the transcript of the conference call, which delved into the proposed amalgamation between ABCL and ABFL, is now accessible on the company's official website. This move allows investors, analysts, and other interested parties to review the discussion and gain insights into the potential merger.

Regulatory Compliance

In line with its commitment to regulatory compliance and stakeholder communication, Aditya Birla Capital has notified several key entities about the availability of this transcript:

• BSE Limited
• National Stock Exchange of India Ltd
• Luxembourg Stock Exchange
• Other relevant parties

This wide-ranging notification ensures that all pertinent stock exchanges and stakeholders are informed about the availability of this crucial information.

Implications of the Proposed Amalgamation

While specific details of the amalgamation are not provided in the news update, the availability of the conference call transcript suggests that Aditya Birla Capital is moving forward with plans to merge with Aditya Birla Finance Limited. This potential consolidation could have significant implications for both entities and their stakeholders.

Investors and market analysts are encouraged to access the transcript on ABCL's website to gain a deeper understanding of the proposed amalgamation, its potential benefits, and any challenges that may be addressed during the process.

As this development unfolds, stakeholders should stay tuned for further updates and announcements from Aditya Birla Capital Limited regarding the progress of the proposed amalgamation with Aditya Birla Finance Limited.