UltraTech Cement surges on the buzz of planning to raise Rs 9,000 crore via NCDs

26 Jun 2018

Ultratech Cement is currently trading at Rs. 3845.00, up by 94.60 points or 2.52% from its previous closing of Rs. 3750.40 on the BSE.

The scrip opened at Rs. 3750.40 and has touched a high and low of Rs. 3855.45 and Rs. 3750.00 respectively. So far 12989 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4594.30 on 16-Jan-2018 and a 52 week low of Rs. 3566.45 on 22-Jun-2018.

Last one week high and low of the scrip stood at Rs. 3,855.45 and Rs. 3566.45 respectively. The current market cap of the company is Rs. 105742.07 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 28.08% and 9.30% respectively.

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.

Related Ultratech Cement Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323