40,000 NCDs aggregating Rs. 400 crore allotted on private placement basis
Aditya Birla Capital has allotted 40,000 Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures on a private placement basis, aggregating to Rs. 400 crore (Rupees Four Hundred Crore) 💰.
By ScoutQuest · · 2 min read
- Aggregate Amount
- Rs. 400 crore (Rupees Four Hundred Crore)
- Face Value
- Rs. 1,00,000 per debenture
- Redemption Date
- September 15, 2028, at Rs. 1,00,000 per debenture
Aditya Birla Capital Limited has informed the stock exchanges about the allotment of Non-Convertible Debentures on a private placement basis. This is a debt fund-raising event, so it does not change the company's equity share capital.
What has been allotted
- 40,000 Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures (NCDs)
- Face value of Rs. 1,00,000 per debenture
- Aggregate amount of Rs. 400 crore (Rupees Four Hundred Crore)
- Allotted on October 15, 2026 to identified investors
- Type of issuance: private placement
Issue size and the green shoe option
- The issue size was Rs. 300 Crore with a green shoe option up to Rs. 700 Crore
- The allotted issue size is Rs. 400 Crore
- In simple terms, the company had kept room to raise more than the base size, and the final allotment came in above the base size
Tenor, listing and redemption
- Tenor of 1,142 days (Original Issuance) and 701 days (Further Issuance)
- Listed on BSE Limited and the National Stock Exchange of India Limited
- Date of redemption or maturity: September 15, 2028
- Debentures will be redeemed at Rs. 1,00,000 per debenture on the date of maturity
Coupon and illustrative cash flows
- The coupon rate is fixed
- The update sets out indicative cash flows per debenture, taking a face value of Rs. 1,00,000:
- Principal inflow (Principal minus 98,327.30 plus Accrued Interest of Rs. 599.6630) per debenture on Thursday, October 15, 2026: 98,926.9630
- 1st Coupon on Wednesday, September 15, 2027, over 335 days: 7,295.90
- 2nd Coupon on Friday, September 15, 2028, over 366 days: 7,295.90
- Principal on Friday, September 15, 2028: 100,000.00
- The update notes that where a due date is a holiday, payments will be made as per the Working Day Convention
What backs these debentures
- Security is created by way of hypothecation, in the form of a first pari passu charge in favour of the Debenture Trustee, over the company's receivables, securities, future moveable assets and current assets as identified by the company from time to time
- Special rights, interest or privileges attached to the instrument: Not Applicable
- Any delay or default in payment of interest or principal for more than three months from the due date: Not Applicable
- Any cancellation or termination of the proposal to issue the securities: Not Applicable
How a retail investor can read this
- This is fresh borrowing by the company through privately placed debentures, not a fresh issue of equity shares
- Since the money is raised as debt, it adds to the company's borrowings and carries a fixed interest cost until maturity in September 2028
- The debentures are secured by a first pari passu charge on specified receivables and current assets, which is the standard security structure for such instruments
- Because the placement is private, these debentures are not being offered to retail investors through this update
Also from Aditya Birla Capital
Aditya Birla Capital to hold Q2 FY27 earnings call on 30 October 2026 at 16:30 IST
19 Oct 2026
Board meeting on 30 October 2026 to consider and approve unaudited Q2 and H1 FY27 results
13 Oct 2026
ICRA reaffirms [ICRA] AAA (Stable)/A1+ on Aditya Birla Capital; assigns AA+ (Stable) to Rs. 2,000.00 crore perpetual debt, total Rs. 2,22,043.40 crore
8 Oct 2026
More numbers
- Face value per debentureRs. 1,00,000
- Number of debentures allotted40,000
- Aggregate amount allottedRs. 4,00,00,00,000/-
- Issue size with green shoe optionRs. 300 Crore
- Allotted issue sizeRs. 400 Crore
- Tenor (Original Issuance)1,142 days
- Coupon amount per debenture (1st and 2nd coupon)7,295.90
- Redemption price per debentureRs.1,00,000/-
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