ADITYA BIRLA FINANCE LIMITED TO RAISE UP TO ₹ 2,000 CRORE THROUGH ITS MAIDEN PUBLIC ISSUE OF NCDs

Mumbai, September 26, 2023: Aditya Birla Finance Limited (“ABFL” or “Company”), a subsidiary of Aditya Birla Capital Limited, has announced its first public issue of NCDs for an amount up to ₹ 1,000 crores with an option to retain oversubscription up to ₹ 1,000 crores, aggregating up to 2,00,00,000 NCDs for an aggregate amount of up to ₹ 2,000 crores, pursuant to a prospectus dated September 21, 2023 (“Prospectus”) filed by the Company with the RoC and the Stock Exchanges.

The NCDs proposed to be issued pursuant to this Issue have been rated IND AAA Outlook Stable and rated [ICRA] AAA (Stable) by India Ratings & Research Private Limited and by ICRA Limited, respectively. The ratings are valid and will continue to be valid for the life of the instrument unless withdrawn or reviewed. Instruments with this rating are considered to have a highest degree of safety regarding timely servicing of financial obligations and carry the lowest credit risk.

Trust Investment Advisors Private Limited, A.K. Capital Services Limited, JM Financial Limited, and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) are the lead managers to the Issue.

Issue Structure

The terms of each series of the NCDs, offered under the Issue are set out below:

Series	I	II	III*	IV	V	VI
Frequency of Interest Payment	Annual	Cumulative	Annual	Cumulative	Monthly	Annual
Minimum Application	₹ 10,000 (10 NCDs) across all series
In multiples of thereafter	₹ 1,000 (1 NCD)
Face Value/ Issue Price of NCDs (₹/ NCD)	₹ 1,000
Tenor	3 years	3 years	5 years	5 years	10 years	10 years
Coupon (% per annum) for NCD Holders in all Categories	8.00%	NA	8.05%	NA	7.80%	8.10%
Effective Yield (% per annum) for NCD Holders in all Categories	7.99%	7.99%	8.04%	8.04%	8.08%	8.09%
Mode of Interest Payment	Through various modes available
Amount (₹ / NCD) on Maturity for NCD Holders in all Categories	₹ 1,000	₹ 1,259.46	₹ 1,000	₹ 1,472.73	₹ 1,000	₹ 1,000
Maturity / Redemption Date (from the Deemed Date of Allotment)	3 years	3 years	5 years	5 years	10 years	10 years
Put and Call Option	Not Applicable

^*Our Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

The Issue will open on Wednesday, September 27, 2023, and close on Thursday, October 12, 2023, with an option of early closure of the Issue on such date, as may be decided by the Board of Directors of the Company or a duly authorized committee thereof, subject to compliance with applicable laws. Allotment of NCDs shall be made, in consultation with the Designated Stock Exchange, on a date priority basis, i.e., a first-come, first-serve basis, based on the date of upload of each application into the Electronic Book with Stock Exchanges, in each Portion subject to the Allocation Ratio specified in the prospectus. However, from the date of oversubscription and thereafter, the allotment will be on proportionate basis as detailed in the Prospectus.

The Company proposes to utilise at least 75% of the net proceeds of the Issue towards onward lending, financing and repayment of interest and principal of existing borrowings of the Company and a maximum of up to 25% of the net proceeds towards general corporate purposes.

All the capitalized terms herein but not specifically defined shall have the same meaning as ascribed to such term in the Prospectus.