UltraTech Cement is reportedly planning to raise Rs 9,000 crore through an issue of redeemable, non-convertible debentures (NCDs) on a private placement basis. The company plans to seek shareholders’ nod for the issuance at its annual general meeting (AGM) to be held on July 18.
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.