Deals4 Dec 2025, 06:51 pm
Aditya Birla Real Estate Ltd Receives In-Principle Approval for Modifying Financial Covenants in Debenture Trust Deeds
AI Summary
Aditya Birla Real Estate Ltd has received in-principle approval from BSE Limited for modification in one of the Financial Covenants in respect of 8.55% Unsecured, Listed, Redeemable, Non-Convertible Debentures of Rs. 500 Crores. The Company has executed the First Amendment Deed to the Debenture Trust Deeds with the Debenture Trustee, SBICAP Trustee Company Limited. The modification in the financial covenant includes changes in the Net Debt to Equity ratio. The Exchange will give effect to the aforesaid modifications subject to certain conditions.
Key Highlights
- Aditya Birla Real Estate Ltd has received in-principle approval from BSE Limited for modifying a Financial Covenant in respect of 8.55% Unsecured, Listed, Redeemable, Non-Convertible Debentures of Rs. 500 Crores.
- The Company has executed the First Amendment Deed to the Debenture Trust Deeds with the Debenture Trustee, SBICAP Trustee Company Limited.
- The modification in the financial covenant includes changes in the Net Debt to Equity ratio.
- The Exchange will give effect to the aforesaid modifications subject to certain conditions.
- The in-principle approval is valid for a period of 3 months from the date of issue.