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Aditya Birla Capital Raises INR11 Billion Through Debenture Allotment

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Aditya Birla Capital (NSE:ABCAPITAL, BOM:540691) has allotted non-convertible debentures worth 11 billion Indian rupees on a private placement basis in two tranches to multiple investors, according to a Tuesday filing to the Indian stock exchanges.

The company's shares were down nearly 1% in early trade on Wednesday.

In the first tranche, the company raised 5 billion Indian rupees through the allotment of 50,000 secured, rated, listed, and redeemable non-convertible debentures with a face value of 100,000 rupees each. These carry a coupon rate of 8.26% per annum and are scheduled to mature on June 16, 2031.

Through the second tranche, the company raised 6 billion rupees by the allotment of 60,000 non-convertible debentures of a face value of 100,000 rupees each. This series carries a coupon rate of 8.10% per annum, maturing on Sept. 7, 2029.

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