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Ultratech Cement plans to raise Rs 300 crore via NCDs

26 Jul 2016 Evaluate

Ultratech Cement is planning to raise Rs 300 crore through secured redeemable Non-Convertible Debentures (NCDs) on private placement basis. The company has proposed to issue 7.57 per cent, 3,000 secured redeemable NCDs on a private placement basis. The issue's tenure is three years and 17 days with allotment date of July 27, 2016. It will mature on August 13, 2019.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies 'strength', 'reliability' and 'innovation'.

Peers
Company Name CMP
Ultratech Cement 11050.10
Ambuja Cements 348.50
ACC 1130.30
Shree Cement 23069.05
Dalmia Bharat 1324.70
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