Aditya Birla Capital raises Rs 250 crore through NCDs

Aditya Birla Capital has raised Rs 250 crore through allotment of Non-Convertible Debentures (NCDs) on private placement basis to identified investors. The company has allotted 25,000 Unsecured, Rated, Listed, Taxable, Redeemable Subordinated NCDs, having a face value of Rs 1,00,000 each. The NCDs carry a coupon rate of 8.03% per annum and will mature on May 4, 2035. Aditya Birla Capital is one of the largest financial services players in India.