{"id":1273837,"date":"2023-10-01T00:56:23","date_gmt":"2023-09-30T19:26:23","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1273837"},"modified":"2023-10-01T10:19:06","modified_gmt":"2023-10-01T04:49:06","slug":"aditya-birla-group-will-launch-its-1st-ever-non-convertible-debentures-ncds-to-raise-rs-2000-crores-from-investors","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/aditya-birla-group-will-launch-its-1st-ever-non-convertible-debentures-ncds-to-raise-rs-2000-crores-from-investors\/","title":{"rendered":"Aditya Birla Group Will Launch Its 1st-Ever Non-Convertible Debentures (NCDs) To Raise Rs 2000 Crores From Investors"},"content":{"rendered":"\n<p>Aditya Birla Finance Limited (ABFL) has announced its inaugural public offering of non-convertible debentures (NCDs) to raise funds amounting to Rs 2,000 crore. According to a statement, ABFL intends to issue NCDs with a value of up to <a href=\"https:\/\/www.business-standard.com\/finance\/news\/aditya-birla-finance-to-raise-up-to-rs-2k-cr-through-maiden-issue-of-ncds-123092500373_1.html\">Rs 1,000 crore<\/a> and retains the option to accept oversubscriptions of up to Rs 1,000 crore, resulting in a total potential issuance of up to Rs 2,000 crore.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-5.png\" alt=\"Aditya Birla Group Will Launch Its 1st-Ever Non-Convertible Debentures (NCDs) To Raise Rs 2000 Crores From Investors\" class=\"wp-image-1273985\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-5.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-5-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-5-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>ABFL&#8217;s Financial Strategy and NCD Allocation: A Detailed Overview<\/strong><\/p>\n\n\n\n<p>As a branch of Aditya Birla Capital Limited, ABFL has detailed how it intends to utilize the funds generated from this offering. A minimum of 75 percent of these proceeds will be designated for purposes such as extending loans, providing financing, and repaying both the interest and principal on the company&#8217;s current debts. The remaining 25 percent will be earmarked for general corporate objectives.<\/p>\n\n\n\n<p>The allocation of NCDs will follow a first-come, first-served basis. These NCDs come with tenor options of three, five, or ten years and offer interest payments on a &#8216;monthly,&#8217; &#8216;annual,&#8217; or &#8216;cumulative&#8217; basis. ABFL has also specified that coupon rates will vary, ranging from 8 percent per annum to 8.10 percent per annum for annual options. The effective yields will span from 7.99 percent per annum to 8.09 percent per annum across various series.<\/p>\n\n\n\n<p><strong>Lead Managers Announced for ABFL&#8217;s NCD Offering with Strong Credit Ratings<\/strong><\/p>\n\n\n\n<p>Trust Investment Advisors Private Limited, AK Capital Services Limited, JM Financial Limited, and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) will act as the lead managers for this offering. The subscription period will commence on September 27 and conclude on October 12, with the possibility of an early closing.<\/p>\n\n\n\n<p>ABFL has indicated that the NCDs have been rated IND AAA Outlook Stable by India Ratings &amp; Research Private Limited and ICRA AAA (Stable) by ICRA Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aditya Birla Finance Limited (ABFL) has announced its inaugural public offering of non-convertible debentures (NCDs) to raise funds amounting to Rs 2,000 crore. According to a statement, ABFL intends to issue NCDs with a value of up to Rs 1,000 crore and retains the option to accept oversubscriptions of up to Rs 1,000 crore, resulting [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":1273985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3562,3563],"class_list":["post-1273837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-aditya-birla-group","tag-ncds"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aditya Birla Group Will Launch Its 1st-Ever Non-Convertible Debentures (NCDs) To Raise Rs 2000 Crores From Investors - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/aditya-birla-group-will-launch-its-1st-ever-non-convertible-debentures-ncds-to-raise-rs-2000-crores-from-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aditya Birla Group Will Launch Its 1st-Ever Non-Convertible Debentures (NCDs) To Raise Rs 2000 Crores From Investors - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Aditya Birla Finance Limited (ABFL) has announced its inaugural public offering of non-convertible debentures (NCDs) to raise funds amounting to Rs 2,000 crore. According to a statement, ABFL intends to issue NCDs with a value of up to Rs 1,000 crore and retains the option to accept oversubscriptions of up to Rs 1,000 crore, resulting [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/aditya-birla-group-will-launch-its-1st-ever-non-convertible-debentures-ncds-to-raise-rs-2000-crores-from-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-30T19:26:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-01T04:49:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rohit Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohit Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/aditya-birla-group-will-launch-its-1st-ever-non-convertible-debentures-ncds-to-raise-rs-2000-crores-from-investors\/\",\"url\":\"https:\/\/trak.in\/stories\/aditya-birla-group-will-launch-its-1st-ever-non-convertible-debentures-ncds-to-raise-rs-2000-crores-from-investors\/\",\"name\":\"Aditya Birla Group Will Launch Its 1st-Ever Non-Convertible Debentures (NCDs) To Raise Rs 2000 Crores From Investors - Trak.in - Indian Business of Tech, Mobile &amp; 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