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Aditya Birla Capital Ltd. ( (IN:ABCAPITAL) ) has shared an announcement.
Aditya Birla Capital has raised Rs. 250 crore through a private placement of 25,000 unsecured, rated, listed, taxable, redeemable subordinated non-convertible debentures with a face value of Rs. 1,00,000 each, issued at a coupon of 8.03% per annum and listed on BSE and NSE.
The debentures, comprising an issue size of Rs. 150 crore with a green shoe option of up to Rs. 100 crore, carry a tenor of roughly nine years with maturity on May 4, 2035, underscoring the company’s ongoing use of long-term debt capital markets to support its funding needs and balance sheet strategy.
More about Aditya Birla Capital Ltd.
Aditya Birla Capital Limited is a diversified financial services company in India, offering products across lending, asset management, insurance, and other financial solutions. It focuses on serving retail, corporate, and institutional clients, and is part of the Aditya Birla Group, a major Indian conglomerate with a significant presence in financial markets.
Average Trading Volume: 234,207
Technical Sentiment Signal: Buy
Current Market Cap: 771.3B INR
Find detailed analytics on ABCAPITAL stock on TipRanks’ Stock Analysis page.