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Ultratech Cement gets nod to raise funds up to Rs 3,000 crore

04 Feb 2021 Evaluate

Ultratech Cement's board has approved a proposal to raise up to Rs 3,000 crore through issuance of US dollar-denominated bonds. The proceeds from the issuance will be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes.

UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India.

Peers
Company Name CMP
Ultratech Cement 11077.45
Ambuja Cements 383.60
ACC 1236.70
Shree Cement 22355.45
Dalmia Bharat 1720.90
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