|
Project detail:
The Project contemplates providing debt financing of USD 150 million (in INR equivalent) to Aditya Birla Capital Limited (ABCL) to support its lending activities in the renewable energy and E-mobility sectors in India. The financing will be extended through the subscription of non-convertible debentures (NCDs) to be issued by ABCL. ABCL, a non-banking financial company (NBFC), is the financial services arm of the Aditya Birla Group, offering a wide range of financing solutions and financial services in India. Through its subsidiaries and JVSs, ABCL provides a comprehensive suite of financial solution across Loans, Investments, Insurance and Payments. Its financing segment includes products such as project finance loans, corporate loans, SME loans, and personal loans. The Project was initially approved for Aditya Birla Finance Limited (ABFL), a wholly owned subsidiary of ABCL. However, ABFL has been merged into ABCL with effect from April 1, 2025.
Note: please download project document attached to this project for more information.
|