Debt

Debt financing

NBFC Aditya Birla Capital raises Rs.1,301-Cr from AIIB

Aditya Birla Capital, the non-banking financial company of the Aditya Birla Group, has raised INR 1,301 crore from Asian Infrastructure Investment Bank (AIIB) by issuing three year, non-convertible debentures.The money will be used to support its lending activities in the renewable energy and electric mobility sectors in India. The funds were raised at a coupon of 7.53% with maturity on June 30, 2028.