Description

BSE admits privately placed perpetual bonds of Aditya Birla Capital Ltd (ISIN INE674K08075) to trading on the Debt Segment effective March 4, 2026, with an interest rate of 8.37% p.a.

Summary

BSE has listed privately placed perpetual debt securities of Aditya Birla Capital Ltd on its Debt Segment effective March 4, 2026. The securities carry an interest rate of 8.37% p.a. and are admitted to trading exclusively in dematerialised form under ISIN INE674K08075.

Key Points

  • Scrip Code 977603 (Scrip ID: 837ABCPERP) is now live on the BSE Debt Segment.
  • 163 units listed at a face value of Rs. 1,00,00,000 each; issue price Rs. 99,69,325.15.
  • Tick size is 1 paise; trading is in dematerialised form only.
  • Credit ratings: CRISIL AA+/Stable and ICRA AA+/Stable.
  • Interest at 8.37% p.a. paid annually starting 27 February 2027 in perpetuity.
  • Redemption date is 31 December 2999 (effectively perpetual); put/call options as per the Disclosure Document.
  • Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx

Regulatory Changes

No new regulatory changes. This is a standard fresh listing notification under existing BSE Debt Segment admission rules for privately placed debt instruments.

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form.
  • Members requiring clarifications should contact the BSE Debt Department at 22728352 / 8597 / 8995 / 5753 / 8915.
  • Members should refer to the Placement Memorandum on the BSE website for full instrument details.

Important Dates

  • Date of Allotment: 27 February 2026
  • Listing / Trading Effective Date: 04 March 2026
  • First Interest Payment Date: 27 February 2027
  • Interest Payment Frequency: Annually (perpetual)
  • Redemption Date: 31 December 2999 (perpetual bond)

Impact Assessment

Impact is low and limited to debt market participants. The listing adds a high-rated (AA+) perpetual instrument from a well-known NBFC to the BSE Debt Segment, providing an additional avenue for institutional investors to trade Aditya Birla Capital Ltd bonds in the secondary market. No equity market impact is expected from this routine debt listing.

Impact Justification

Routine fresh listing of privately placed perpetual debt securities on BSE Debt Segment; limited to institutional/debt market participants trading a single scrip in dematerialised form.