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.

Aditya Birla Capital Limited (ABCL), a leading financial services company, has made significant moves in both its financial instruments and leadership structure. The company recently allotted secured Non-Convertible Debentures (NCDs) and announced key executive appointments, signaling a strategic shift in its operations and management.

NCD Allotment

ABCL has successfully allotted ₹100.00 crore worth of secured listed Non-Convertible Debentures (NCDs) through a private placement. The company issued 10,000 Secured Redeemable, Rated, Listed NCDs, each with a face value of ₹1.00 lakh. These debentures have the following key features:

• Tenor: 1,366 days
• Maturity Date: May 30, 2029
• Coupon Rate: Zero Coupon
• Security: Hypothecation by way of first pari passu charge over the company's receivables, securities, future moveable assets, and current assets

The NCDs will be listed on both the BSE Limited and the National Stock Exchange of India Limited, enhancing their liquidity and tradability.

Leadership Changes

In a significant leadership reshuffle, ABCL's Board of Directors has approved two key appointments:

1. Ms. Vishakha Mulye has been appointed as the Managing Director and Chief Executive Officer for a five-year term, subject to shareholder approval.

2. Mr. Rakesh Singh has been named Executive Director and Chief Executive Officer (NBFC) for a term ending on July 22, 2027, also pending shareholder approval.

Strategic Vision

Ms. Vishakha Mulye, in her role as Managing Director & CEO (Designate), has already begun implementing her vision of 'One ABC, One P&L'. This strategy focuses on providing a unified customer experience across ABCL's diverse financial offerings. Under her leadership, the company has:

• Expanded its offerings across loans, investments, insurance, and payments
• Developed an omnichannel D2C platform
• Launched 'ABCD', a mobile app for comprehensive financial solutions
• Introduced 'Udyog Plus', a digital B2B lending platform for MSMEs

Capital Raising and Business Restructuring

To support future growth, ABCL has:

• Raised ₹4,500.00 crore in growth capital through various means, including preferential issuances and QIP
• Executed the amalgamation of Aditya Birla Finance Ltd. with Aditya Birla Capital Limited

These strategic moves are expected to enhance operational synergies and create value for stakeholders.

The recent NCD allotment and leadership changes at Aditya Birla Capital reflect the company's commitment to strengthening its financial position and driving growth across its diverse business segments.